Globest Sectors

GIC and Oak Street will acquire the internally managed net lease REIT in an all cash transaction.

The GAO says a majority of agencies will either cut back on the number of leases or square footage in their portfolio over the next three years due to hybrid and remote working.

One expert predicts it will take years for the sector to recalibrate with the labor market.

Deal volume is up, but rising interest rates and surging capital costs pose headwinds for the sector.

Correlation is there, but correlation does not imply causation, CoreLogic reported.

However, the methodology reduces confidence in the results.

Price records were set in six of nine Census divisions, NAHB reported.

Coffee giant to add pick-up, drive-thru only and delivery-only outlets.