Newmark’s Jessica Morin on how AI is reshaping office demand

by Andrea Zander

Artificial intelligence (AI) is expected to slow office-using employment growth by roughly 2.1 percentage points by 2030, creating a moderate headwind rather than a collapse in demand, according to Newmark. The firm recently released a report on AI’s impact on office jobs and demand, highlighting emerging demand tied to AI, cloud and data infrastructure, particularly in major tech and talent hubs.

Transwestern assumes asset management of $1.3b KORE U.S. REIT Portfolio

by Released

Transwestern has been appointed asset manager for KORE U.S. REIT, which holds a portfolio comprising 13 office properties totaling approximately 4.8 million square feet across eight markets with an aggregate asset value of approximately $1.3 billion.

Newmark arranges $210m sale of trophy Worldcenter retail in downtown Miami

by Released

Newmark Group has arranged the $210 million sale of the retail component of Miami Worldcenter, a newly constructed urban lifestyle center located at the epicenter of downtown Miami’s transformative mixed-use district. The sale marks the largest non-mall retail transaction recorded in south Florida since 2017.

MetLife Investment Management Names Andrea Drasites head of real estate and agricultural finance

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MetLife Investment Management (MIM) has named Andrea Drasites as global head of real estate and agricultural finance.