While the pace of growth for data centers might slow as more people go back to the office, the long-term outlook remains robust.

But family offices—the discrete, sometimes secretive firms that manage the affairs of the ultra-rich—have been one of the biggest driving forces.

Debt-burdened Hospitality Investors Trust Inc., which owns about 100 hotels, is in talks for a takeover by Brookfield Asset Management.

The merged shopping center REIT will have a market cap of $12 billion.

Remote work was expected to devastate the office sector. But suddenly many firms are switching gears and pushing for the returns of workforces.