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Real-estate companies are transforming suburban residences and retail spaces into offices, betting that the pandemic will increase demand for workspaces in these neighborhoods.
The past two years have seen a steady resurgence in suburban commercial real estate. But that rebound has not followed any traditional patterns and, depending on the submarket and asset class, can ...
JPMorgan and Bank of Montreal are providing $930.8 million in balance sheet financing to GIC and Workspace Property Trust for their acquisition of 53 Class A suburban office buildings, Commercial ...
BOCA RATON, Fla.--(BUSINESS WIRE)--Workspace Property Trust (Workspace), the preeminent US suburban commercial office property owner and partner for the Fortune 1000, announced today that it ...
For suburban offices, the drop is a more manageable 18%. This is the opposite of what happened after the 2008-09 financial crisis, when prices for out-of-town offices fell slightly more than in ...
Its $15.2 million commercial mortgage-backed security loan against the 174,000-square-foot building at 701 East 22nd Street in Lombard was transferred to special servicing last month after their ...