Knight Frank Takes 72K SF Liverpool Street Headquarters As Station Plans Revised

April 9, 2025 / no comments

Real estate adviser Knight Frank has agreed to take 72,400 SF of office space at Aviva Investors’ One Liverpool Street development in the City of London for its global headquarters.
Knight Frank’s 18-year lease joins global law firm Dentons, which preleased almost 68K SF at One Liverpool in 2023.
Due to complete in the first quarter of 2026, One Liverpool Street will provide 176K SF of office and retail space across 11 floors. It forms part of a development scheme that includes 101 Moorgate, which provides more than 70K SF of office and retail space across its ground and eight upper floors, plus a roof terrace.
The two buildings sit…

Up In Smoke: The Cannabis Industry Faces Unique Risks. How Can Operators Ensure They’re Covered?

April 9, 2025 / no comments

Cannabis has become a major industry in the U.S. The cannabis market is projected to reach $45.3B in 2025 and grow annually by 2.24%, reaching nearly $50B by 2030.
As the number of cannabis farms and dispensaries continues to grow, these operators need to ensure that they are protected from the risks all businesses face and those that are unique to cannabis operations. 
“Cannabis operators, whether they are cultivators, producers or sellers, face a lot of increased hazards, including fire, theft, vandalism and equipment breakdown,” said Goodman-Gable-Gould/Adjusters International. or GGG/AI, Senior Vice President Anthony D’Amico. “The losses that could be sustained as a…

‘The Great Gold Rush’: Power-Ready Land Is A Hot Commodity As Data Center Developers Swarm

April 9, 2025 / no comments

Discovering land has the infrastructure to supply hundreds or thousands of megawatts of electricity is now like striking oil or hitting the jackpot.
Power infrastructure is significantly increasing the value of some property, bringing owners and developers out of the woodwork to see if their holdings can help meet the insatiable demand brought by hyperscale data centers amid an artificial intelligence boom.
The phenomenon is making a handful of landowners in Texas and other data center hot spots overnight tycoons. Others are paying big bucks to see if their properties can cash in.

Dublin Offices Turn Corner, But New Investment Runs Dry

April 8, 2025 / no comments

The worst is behind Dublin’s office sector, but the market needs speculative development and international capital, according to Eagle Street Partners CEO Shane Scully.
Speaking at the Bisnow Dublin Real Estate Outlook 2025 event last week, he said that in terms of attracting overseas investment, Ireland had a “good story to tell” and that in uncertain times, most investors are looking for stability, long-term acquisitions and a “boring investment environment.”
Scully said he believes the sales process at North Docks, the project jointly owned by NAMA and Oaktree Capital Management that failed to garner a bid last summer, reflected the market’s trough. 
“I think the bad news is behind…

Prologis Downgraded By Scotiabank Amid Tariff Turmoil

April 8, 2025 / no comments

The world’s largest industrial landlord was double downgraded by Scotiabank Monday, causing stocks to fall to a nearly five-year low. 
Prologis has been taken from Sector Overperform to Sector Underperform, meaning the REIT’s stocks are expected to perform worse than the industrial market overall in the coming months.
Scotiabank also reduced the price target to $97 from $133.
Prologis’ stock was $91.71 a share during Monday trading, down 6.6% from its previous close of $98.35, according to Seeking Alpha. As of midday Tuesday, the price remains the same. 
Weaker earnings at Prologis would mirror a broader slowdown in the industrial market. The national industrial…