Globest Sectors

Centennial to reposition 1M SF Santa Clarita mall with residential mixed-use.

Building adjacent to Langone campus will house faculty, staff.

Even the Class A advantage appears to be eroding on the margins.

In the 20 markets with top activity, only six saw a first half year-over-year increase.

There was an 8.6% spike in expenses in Q2.

Some positive indicators are encouraging after 'consistently negative' CMBS mall loans.

Retail is returning to its norm and office is well below what is typical.

Also retail reached its highest contribution level since the pandemic.