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PGIM in cash deal to buy 354K SF campus Rivian pre-leased, bailed out on.
The hype has been enormous but there are still questions about how effective products are.
With leverage it will have $3.5 billion in purchasing power.
A soft landing still hasn't been achieved, though the Fed sees the current conditions as positive.
A lot of money is getting ready to start buying, which is one indication.
If you're a seller you might want to sit down first.
Morgan Stanley offloads 96-year-old office building in downtown Chicago for $16 per SF.
Also, a generation gap within the investor community could influence which groups are most active in 2024
Industrial and multifamily expect near-record deliveries.
Staffing, equipment, and the most likely conditions are far from the same. CRE investors and developers have to plan accordingly.