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The company is scaling back its real estate presence because of flexible work schedules.
The combined company will have an enterprise value of $50 billion.
The buildings' large, flexible floorplates, floor-to-ceiling windows and energy-efficient mechanical systems will allow BioMed to convert them to life science uses.
Demand is now just 9% below pre-pandemic levels.
If Biden's proposals become reality, a lot of product would be put on the market. Then the market could freeze.
Prospective tenants are looking to get more square footage or more amenities for the same price.
"It'll be part of the 'sausage making' of negotiating legislation that can pass."
Using data has risks, particularly when what you receive isn't the full information.
The acquisition is a part of a series of acquisitions the firm has planned in key coastal logistics markets.
Unfortunately the future is murky when it comes to the number and type of new jobs that will be created.