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"Our offices in smaller cities and suburbs are reporting enhanced activity from out-of-state investors and companies that are either looking to relocate or at the very least, downsizing their urban footprints for satellite offices nearby."
Hackman Capital Partners and Square Mile Capital acquired the studio's properties and operational components, and will work with the studio to further grow and develop the business.
As previously reported, the office market has been rocked by the pandemic. GlobeSt.com takes a closer look with an infographic on the subject including what initiated this trend.
Exposure to losses on investments, including commercial mortgage loans, is a crucial rating sensitivity and driver of the negative outlook on the US life insurance sector.