The purchase of 2+U is counterintuitive to some recent suburban office sales, but this sale shows the strength of larger cities, and specifically, the amenities found within, says Murphy McCullough of Skanska.
Although various stay-at-home orders affected retail investment sales in the early days of the pandemic, insurance companies and local bank lenders kept capital at the ready for retail refinances.
Renters have more reasons to leave the nation's urban cores and head to the suburbs; specifically, Dallas residents relocated to smaller nearby cities such as Richardson, Arlington, Irving and Plano.