CBRE (NYSE:CBRE) is transitioning from a shareholder to a direct owner of Industrious, a coworking firm known for its rapid expansion. The agreement entails a substantial investment of approximately $400 million to acquire the remaining equity in Industrious. This strategic move is set to finalize shortly, with CBRE planning a new business line to supportContinue reading “CBRE Acquires Industrious Coworking to Enhance Flexible Workspace Offerings”
Category Archives: Commercial
The Rise of Residential Short-Term Sets and Studio Rentals
Renting out residential properties as short-term sets and studio rentals is becoming more popular – and easier – than ever. Companies like Peerspace, Splacer, and Thisopenspace, which offer peer-to-peer marketplaces for renting out and booking spaces by the hour, provide a viable, highly flexible alternative to vacation rentals. “You can rent out your space whileContinue reading “The Rise of Residential Short-Term Sets and Studio Rentals”
Life Time Fitness Ventures Into Coworking Office Space with “Life Time Work”
JDS Development Group and Life Time Group Holdings, Inc, may be ushering in a new future for office spaces in the “post-COVID” world. The wellness chain Life Time has struck a deal with JDS Development to bring Life Time and Life Time Work coworking spaces to Downtown Brooklyn’s Brooklyn Tower. The deal brings a fewContinue reading “Life Time Fitness Ventures Into Coworking Office Space with “Life Time Work””
Taco Bell Aims To Redefine The Restaurant Drive-Thru With Taco Bell Defy ™ Concept
Taco Bell just pushed to the front of the race for quick service restaurants embracing the rise of contactless food service. First announced in 2021, its “Taco Bell Defy” restaurant concept broke ground in Summer 2021 and just opened to the public in Brooklyn Park, Minnesota. It is no secret that restaurants have been shiftingContinue reading “Taco Bell Aims To Redefine The Restaurant Drive-Thru With Taco Bell Defy ™ Concept”
Amazon Scaling Back Aggressive Industrial Warehouse Expansion As Online Sales Slow Down
The world’s largest online retailer is reportedly looking to sublease some of its warehouse space across the country as online sales slow down. This is a move that industrial real estate professionals are watching closely, to get a better understanding of where the industrial rental real estate market may be heading. While the internet retailerContinue reading “Amazon Scaling Back Aggressive Industrial Warehouse Expansion As Online Sales Slow Down”
Private Equity Giant Blackstone Acquires Industrial REIT PS Business Parks
The number of major players in the industrial real estate world just got a little smaller. Private equity giant Blackstone just announced plans to buy commercial real estate REIT PS Business Parks Inc. in a cash deal totaling $7.6 billion. The agreed upon price is roughly a 15% premium over PS Business Parks’ average shareContinue reading “Private Equity Giant Blackstone Acquires Industrial REIT PS Business Parks”