CRE Wire

Brookfield has estimated the value of the asset management unit it plans to spin off at $80 billion, reports Bloomberg. WeWork reported a smaller loss as desk sales in the first quarter reached pre-pandemic levels, according to The Wall Street...

Tesco Plc, the UK’s biggest grocer, has teamed up with flexible office company IWG Plc to convert excess space in a supermarket into a work hub.

Duke Realty rebuffed Prologis’ takeover bid. Less than a tenth of Manhattan’s office workers are coming in full-time, reports The New York Times. These are among today’s must reads from around the commercial real estate industry.

The new publicly-traded entity will control Brookfield’s fee-generating assets, such as real estate, infrastructure, credit, private equity and renewable energy.

Included are more than 2,000 new-build homes operated by Kairos Living and about 1,000 homes in contract.

The remote work trend is leading to more technology jobs moving out of the U.S., reports The Wall Street Journal. Fortune asks if we are looking at a repeat of the 2007 housing bubble. These are among today’s must reads from around the commercial...

At a time when New York towers are struggling with high vacancies and many workers are still remote, money managers are seeking trendier digs.

The proposal values Duke at $61.68 a share, a 29 percent premium to its closing price on May 9, according to a letter from Prologis CEO Hamid Moghadam.

The office market is being flooded with subleases, reports The Wall Street Journal. HUD doubles the money for its eviction protection program, according to The Associated Press. These are among today’s must reads from around the commercial real...

The private equity giant’s real estate unit has started its first-ever ground-up industrial developments, in Atlanta, Dallas, Denver and Orlando, Fla.