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Approximately $840 million in equity has been allocated to the US joint venture.
The deal is expected to "lead to a high-quality acquisition pipeline" amid growing demand.
New leasing activity accounted for around half of all leases signed, a move that is "evidence of retailers' appetite to grow and reliance on brick-and-mortar stores as a key part of their business, even within the mall format."
Keynote speaker John Chang of Marcus & Millichap explains that each state and city is experiencing a unique reality.
An expected détente of predictable pricing for planning purposes went elsewhere.
On the other end of the spectrum, micro-fulfillment centers are also gaining momentum.
A recent report shows 75% of Gen Z respondents remain confident they will buy in their lifetime.
Development of cold storage facilities is being hampered at a crucial time with US facilities running at maximum capacity.
The increase in drive-thru and take-out orders since the start of the pandemic has provided a boost.
Industrial rents are $16.80 per foot in San Diego as the vacancy rate continues to inch down.