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A host of other publicly-traded real estate companies, including Simon Property Group, Vornado Realty Trust, CBRE Group and Cushman & Wakefield, have made similar reductions in compensation.
The property was originally built in 2000 as part of the Merrill Lynch corporate campus and consists of three office buildings totaling 380,417 square feet.
Despite self-quarantine and social distancing, there was activity in the commercial real estate industry during the first quarter, and Cushman & Wakefield reports new office and industrial deliveries, sales and leases.
The firm developed the guide based on its experience in moving 10,000 companies and nearly a million workers back into 800 million square feet of buildings in China.
Black Creek Group purchased a 140,275-square-foot class-A industrial building, Port 146 in LaPorte, TX, in a transaction that closed last week but has been in the pipeline anticipating development completion.
The Chicago-based firm also announced that CEO Brett White, CFO Duncan Palmer, COO Michelle MacKay and president John Forrester will forgo a large percentage of their base salaries.