The industrial market is experiencing a surge in e-commerce with COVID-19-related shipping and this sector is poised to benefit with a faster recovery than other commercial real estate sectors as a result.

APG, Canada Pension Plan Investment Board and ESR Cayman say they hope over time it will double its investment by delivering as much as $2 billion in new development projects.

Greystone's Dan Sacks said that the company worked with the client on a number of properties in Pennsylvania and is now helping it expand its portfolio into Delaware.

Contractors and developers may find other legal defenses outside of the contract terms if force majeure language is missing from the original agreement.