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At the GlobeSt.com Multifamily conference, CBRE global chief economist Richard Barkham forecasts 6% GDP growth in 2021 and 2022, below the initial expectations.
New leasing activity accounted for around half of all leases signed, a move that is "evidence of retailers' appetite to grow and reliance on brick-and-mortar stores as a key part of their business, even within the mall format."
The firm has acquired a three-building office property in Berkeley's innovation district with plans to convert the property into a life science facility.
Outside the Lines is building a show fountain and lake at the $55 million The Branson Boardwalk development, an example of the trend of immersive entertainment.