The marriage between office buildings and pension funds has grown stale in recent years, and the two parties are moving on. Pension funds are ditching their office assets as the market continues to decline from pandemic-induced stresses and the rise of remote work, the Wall Street Journal reported. The retirement funds are instead turning their attention to residential and industrial plays. Private real estate funds held 34 percent of their investments in offices three years
Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Home Page, office market, Private Equity The Real Deal New York Read More
