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Investments in real estate tech companies are expected to grow to $20 billion by 2020—and Revathi Greenwood, Americas head of research at Cushman & Wakefield, points to how this is changing CRE, in an EXCLUSIVE GlobeSt.com article.
“What we found is that when you improve the comfort and well-being of the people in a building by designing a more dynamic building, they start to behave differently,” says Carmen Ferrigno, vice president of communications with Saint-Gobain.
The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.
A Global Infrastructure Partners consortium acquired its stake in Gatwick Airport in 2009 for GBP 1.51 billion ($2.5 billion). GIP will manage the remaining 49.99% interest in the airport once the deal with VINCI Airports is finalized.
MRP Industrial plans to construct the single-story building on a site that formerly contained a Class B, 244,000-square-foot block and metal warehouse, which collapsed from structural failure after a heavy snow storm in 2016.
Adam R. Sanders, a member of the law firm Rosenberg & Estis, P.C., in an EXCLUSIVE Globest.com article says it most likely won't be Amazon but developers in nearby neighborhoods who will benefit from the Opportunity Zone program.
"Adding Harrah's Philadelphia to our growing portfolio of best in-class gaming real estate strengthens our presence in the attractive Mid-Atlantic gaming market," says Edward Pitoniak, chief executive officer of VICI Properties.