A confluence of factors conspired to drive down rents at self-storage properties earlier in the year, but now with new demand generated by the broader disruptions caused by the COVID-19 pandemic, the sector’s fortunes have stabilized.
Brookfield Asset Management Inc. is exploring a sale of its life-sciences real estate portfolio, and seeking about $3 billion, according to people with knowledge of the matter.
Uber founder Travis Kalanick is acquiring vacant restaurants and auto body shops for his ghost kitchen venture, reports the Wall Street Journal. U.S. single-family homebuilding permits rose to a 13-year high in September, according to Reuters. These are today’s must reads from around the commercial real estate industry.