The fund will seek to deliver annual returns of 13 to 15 percent after fees by developing single-family and multifamily rentals outside gateway markets.

Cost increases have been especially hard on developers who rely on wood frame construction to build low- and mid-rise buildings.

The CEO of the publicly-traded industrial REIT discusses the outlook for industrial facilities, Duke’s balance sheet and dealing with natural disasters.

Many large tech companies have vocally praised remote working. In the meantime, they’ve been expanding their office holdings.

Builders have had no choice but to deliver projects that were in progress when the market turned and try and compete for bookings.

That math will become easier for developers if more distressed properties become available at a steep discount.

The first tenants at One Vanderbilt, across from Grand Central Terminal, will start moving in by year’s end.

The retailer’s shopping center arm just bought a building in downtown San Francisco. It’s on the lookout for more of the same.