Office

Ingka Centres, part of the Ingka Group (which includes IKEA Retail and Ingka Investments), will transform and redesign the 6X6 building into a new retail destination that's anchored by IKEA and mixed-use offerings.

Auctane LLC, a wholly owned subsidiary of Stamps.com and operator of ShipStation, ShippingEasy, ShipEngine and ShipWorks, will become the first office tenant in The Grove at Shoal Creek.

While a full pricing recovery could take time, there are a lot of positive trends for the office space.

The new 5-year facility replaces the previous $465 million construction facility that was put in place in 2019.

West coast cities fared well in Q2.

Year over year leasing activity decreased by 20.9% and August 2020 leasing in Manhattan was 63.7% lower than the monthly average in 2019.

Provender Partners recently acquired two refrigerated facilities totaling more than 160,000 square feet on 8 acres, 860 and 940 on 81st Ave. in Oakland, near the Port of Oakland and Oakland International Airport.

The technology, originally developed for use by the aerospace industry in the 1960s, has gained new steam with the introduction of better Internet of Things sensors and advanced computer modeling.