Welcome to the week, investors! In today’s commercial real estate news—data centers entice investors, US construction rises to heights unseen since 2006, and a mall bets big on Legos.
Data Centers Attracting Private Equity and Public Institutional Investors in 2017
In the first quarter of 2017, data center REITs have gained 10.41 percent on the FTSE NAREIT All Equity REITs Index. Likewise, public institution investors have gained interest.
U.S. Construction Spending Rises to Near 11-year High
US construction spending has increased to $1.9 trillion, the highest it’s been since 2006. The articles lays out further details covering which sectors contributed the most to growth.
As mall owners struggle to entice shoppers to their stores, Plymouth Meeting Mall is betting big with a LegoLand addition. As customers increasingly turn to e-commerce, retail owners are looking to build experience for shoppers.