Some people are looking at retail loans as the next “big short”, says Manus Clancy, senior managing director and the leader of applied data, research, and pricing departments at Trepp.
The buyers want to convert the former warehouse, which was completed in 1891 and has more than 1 million square feet (93,000 square meters), into office space, among other uses.
The Windy City’s percentage of green offices is up from about 66 percent last year, according to an annual ranking by CBRE Group Inc. and Maastricht University.
Brookfield has started work on revitalizing GGP’s mall portfolio, reports the Wall Street Journal. Oregon has approved the use of timber in the construction of high-rise buildings, according to Curbed. These are among today’s must reads from around the commercial real estate industry.
