Office

Interest in co-working continues to grow despite the current trend of employees working from home.

Last month REI opted to shift to a more distributed model and decided to sell its newly-completed corporate campus.

The company's first ground-up construction project, Dock 72, will be occupied by its members and its employees, as a New York City headquarters location.

Chasewood Technology Park is a four-building office campus totaling 463,969 square feet that is 92.9% leased overall to a diverse array of tenants, and the asset was recently sold to Nitya Capital.

The SL Green Realty Corp. tower stands 1,401 feet tall and totals 1.7 million square feet.

The transaction serves as Arch Street Capital Advisors and VEREIT's fourth acquisition this year, totaling $170 million in value.

In past recoveries, the flight to safety led to larger urban offices

Combining the best of both remote work and in-office work will become the new normal following the pandemic.