New Demand For US Office Space Falls For 3rd Straight Month

USA – The latest VTS Office Demand Index (VODI) showed that new demand for office space across the country declined for the 3rd straight month in August and fell to below 50 percent of its...

US Office Market To Recover Slower Than Asia’s

USA – Property consultancy CBRE said hybrid working has negatively impacted office space demand across the world, reported Bloomberg on Monday (26 September, SGT). “There’s no part of the world that is untouched by the growth...

Marriott Opens New HQ, Turns Workstations Into Collab Spaces

USA – After over 2 years mostly working from home (WFH), hotelier Marriott International thinks that its US$600 million headquarters will lure employees back to the office, reported Reuters on Tuesday morning (20 September, SGT). On...

GIC Jointly Acquires NYSE-listed Property Investor For US$14bil

USA – Singapore’s sovereign wealth fund GIC has teamed up with property investment company Oak Street to acquire STORE Capital Corporation in an all-cash transaction valuing the REIT at US$14 billion, reported The Business Times...

Singapore’s GIC Jointly Buys Majority Stakes In 53 US Office Bldgs

USA – Singapore’s sovereign wealth fund GIC has teamed up with American commercial real estate player Workspace Realty Trust to acquire majority stakes in 53 suburban office buildings, reported The Real Deal on Monday evening...

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