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Major CRE challenges, including supply chain and climate change, call for a combination of alternative and traditional risk assessments, says Moody's Analytics.
The model is being used to test the waters and may not become permanent.
Columbia Property Trust's newly-constructed Union Square office building is now 70% leased to four tenants.
Generation Z will quickly supplant millennials as the largest renter cohort.
Strong infrastructure, talent, location, and land to be had make for an appealing business destination.
The company will use the proceeds from the two transactions to strengthen its balance sheet and fund new growth opportunities.
Market by Macy's will service buy online, pick-up in store and buy online, ship to store formats.
With only one exception, the top markets are all in the Sun Belt and the West.
The 196,647-square-foot property is occupied by Quantum Scape as a battery development facility.
Average asking rents are now $1,659 per month.