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The Post-COVID-19 Future Of Fitness Centers - Real Estate and Construction

As economies shut down in 2020, gyms and fitness centers were forced to adapt by providing at-home fitness options. ....

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The Post-COVID-19 Future of Fitness Centers | Holland & Knight LLP

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As economies shut down in 2020, gyms and fitness centers were forced to adapt by providing at-home fitness options. Melina Cordero, Managing Director of Institutional Properties and Retail of CBRE Group, states that the same thing happened to fitness that has happened in virtually every other category of retail, which is omni-channel. The shift to a blend of digital and in-person options was certainly escalated in 2020, but many of the larger fitness chains already had online offerings in the works. Now, as states continue COVID-19 vaccination efforts, experts are debating whether fitness centers will return to pre-pandemic ways or if they will need to innovate. ....

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LaSalle REIT acquires NJ life science property for $46M

CBRE announced that Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Gene Pride, Travis Langer and Zach McHale of CBRE’s Institutional Properties group, in partnership with CBRE’s Tom Sullivan, represented an institutional seller in the $46.6 million sale of 170 Park Avenue in Florham Park, New Jersey.
170 Park is fully leased on a long-term basis to Celularity, Inc. and serves as their corporate headquarters, lab, and manufacturing facility.
The CBRE team was also responsible for procuring the buyer, JLL Income Property Trust, an institutionally managed daily NAV REIT advised by LaSalle Investment Management with a portfolio valued at more than $3.3 billion. ....

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