Office

Simon and David Reuben spent almost $2.5 billion on U.S. property acquisitions and financings, including office, retail and hotel assets.

Oracle has a campus in Austin, opened in 2018 to local fanfare, which it said could eventually house as many as 10,000 workers. 

Sales of commercial and residential properties were down 49 percent year-to-date through November, according to REBNY.

Canada’s BentallGreenOak plans to invest billions of dollars in Japanese office real estate over the next three years.

Previously, pension funds had forecast the NCREIF All-Property Index to end 2020 in negative territory.

The move comes amid Oracle’s drive to shed costs during a transition from traditional software to cloud computing.

More companies are plotting moves to non-traditional locations with lower cost.