CRE bears a significant risk to physical climate hazards like floods and wildfires, as well as chronic risks like sea level rise and heat stress.

Cyber exposures anticipated over the next few years will challenge the industry's ability to cope with rapidly increasing risks.

Investments include $93.5 million preferred equity stake in 12-asset Southern portfolio and $89 million preferred equity stake in 21-asset Transcoastal portfolio.

Office workers are still staying home.

The positive absorption is helping to chip away at the historically high availability rates.

"Optimum's multi-year process of expansion and renovation has revitalized the historic Celino South Beach site, transformed its global brand and helped to spearhead the relaunch of Miami's Ocean Drive," said Rodolfo Misitano, CEO at Optimum Asset Management in a written statement.

JLL explains that Delta variant delaying re-entry decisions, but not derailing office recovery.

Survey shows that construction teams will pass along costs, or use alternative materials.