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Publicly-traded REIT funds from operations hit a new record at $19.6 billion in the second quarter and are now 22 percent higher than pre-COVID levels.
Murphy also said he is confident New Jersey won’t have to put more taxpayer money into the American Dream megamall project in order for it to survive. “I’m confident to say that I think this thing is turning the corner,” Murphy said.
Climate change might worsen supply chain issues in the future, warns The New York Times. The Real Deal takes a close look at Prologis CEO Hamid Moghadam. These are among today’s must reads from around the commercial real estate industry.
