Office

Clark has teamed up with former Tishman Speyer executive Philip Waterman to form the new real estate investment and operating firm.

The firm is discussing RXR Real Estate Market Dislocation & Mega-Trends Fund with potential investors.

The number of workers who went to the office in 10 of the largest U.S. business districts fell to 26.4 percent from pre-pandemic levels in the week ended Nov. 4.

There will likely be more companies tapping credit markets amid record low borrowing costs.

“Given the investor caution, it does not look like we’re going to achieve our original top-tier pricing objective,” Steven Roth told investors.

The 343,528-sq.-ft. building has a long-time lease with the social media giant.

Tripp discusses why investors should be looking at more real estate options and which properties might offer lucrative returns.