Given the cyclical nature of commercial real estate combined with current secular trends shaping the market, single-tenant real estate possesses innate features that can help companies—and landlords—weather change.
The Canadian pension fund, which owns about 16.5 percent of real estate investment trust Macerich, has held discussions with firms including sovereign wealth funds about backing the potential bid.
In addition to a slew of bills intended to make housing more affordable signed by Governor Jerry Brown last fall, various campaigns are under way to put affordability initiatives on the November ballot.
Jerome Powell has been confirmed as the new Federal Reserve Chair, reports NPR. Toys ‘R’ Us will close 180 of its U.S. stores, according to Fortune. These are among today’s must reads from around the commercial real estate industry.
Key Accounts Manager/New England and Canada Matt Butcher
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