Since Feb 21., 2020, just before the pandemic tanked markets, self-storage shares in the FTSE Nareit All Equity REITs Index have returned about 84% between price gains and dividend payments.
Blackstone Inc. is in advanced talks to acquire a 49% stake in One Manhattan West that values the skyscraper at $2.85 billion from a venture led by Brookfield Asset Management.
Landlords filled up 17 million square feet of additional real-estate space in open-air shopping centers last quarter, up 49% from 2019. The surge is propelled by increased foot traffic to grocery stores, curbside pickup and population shifts that favor suburban shopping.
More than half of U.S. industrial leasing in the third quarter involved users looking for space of less than 100,000 square feet, often a mark of a last-mile facility.
Amazon blanketed the country with more than 450 new facilities used to store, sort and ship items, doubling down on a logistics empire. Many of the new buildings are concentrated near big cities, putting more items for sale on the website closer to large population centers. The facilities also include more than two dozen smaller outposts stocked with bestselling items.
Investors had a record quarter, buying 90,215 homes worth a combined $63.6 billion. Investors made up 18.2% of all housing sales in Q3.
A venture between Hackman Capital Partners and Square Mile Capital Management has agreed to pay more than $1.8 billion for the historic CBS Studio Center in Los Angeles, the latest deal in the red-hot studio sector.
The first three quarters of 2021 set a record for commercial property sales activity while prices also reached new highs. A lot of uncertainty still hangs over the office and retail markets, while a full recovery in the hotel business could be years away. But purchases of apartment buildings, life-science labs and industrial properties helped propel commercial sales for the first nine months of this year to $462.1 billion, up 10% from the same nine-month period in 2019.
