Economic growth will slow this year and next as the trade war hampers development in the United States and around the world, the Organization for Economic Cooperation and Development said.
The activists behind the Tesla Takedown campaign say they intend to expand beyond protests at the company’s showrooms.
Since early April, China has stopped almost all shipments of critical minerals that are needed for cars, robots, wind turbines, jet fighters and other technologies.
Trade-war angst has put pressure on the greenback this year. Wall Street thinks it’s about to get worse.
A 2.1M SF industrial portfolio spanning Denver, Houston and northern New Jersey has traded hands.
Principal Asset Management and an unnamed state-sponsored pension plan acquired the 10-building, 96.7% leased portfolio for an undisclosed price. JLL Capital Markets facilitated and announced the sale.
The conversation around diversifying leadership in commercial real estate often includes the idea that women and people of color need a seat at the proverbial table.
Marcy Moneypenny, a Denver-based CRE veteran who has worked at brokerages like CBRE and Avison Young over a 35-year career, thinks it’s time to look past pulling up a chair and work instead on building a whole new table.
Eastern Pennsylvania was a poster child for the unprecedented pandemic industrial boom that caused a flurry of leasing and construction in Philadelphia and its suburbs.
But as the sector’s hot streak continues to cool off five years later, analysts aren’t expecting a repeat when the next upcycle rolls around.
“It was probably a once-in-a lifetime event,” Cresa Managing Principal Eric Zahniser told Bisnow of the Covid logistics boom. “I don’t think ‘If you build it, they will come’ works through every cycle.”
In fact, Philadelphia and some of its immediate neighbors are more likely to be facing a reality check when it comes to asking rents, especially for top-flight properties.
Xi Zhongxun was purged by the Communist Party he served and went on to help reform Chinese politics. His son is the most authoritarian leader since Mao.
Artificial intelligence cloud provider CoreWeave has signed a pair of 15-year agreements to lease 250 megawatts of computing capacity from Applied Digital, a cryptocurrency miner turned AI developer, in Ellendale, North Dakota.
Harbor Group International paid $625M for 3,590 Sun Belt apartment units.
The privately managed global real estate investment firm acquired 11 properties across South Carolina, Louisiana, Georgia and Tennessee that were built between 1996 and 2010. The sale breaks down to roughly $174K per door at the properties, which are 95% occupied.