Weekend Wrap-Up: Knakal Out at JLL, Darrah Departs Google, On the Ground at the Mortgage Bankers' Conference, and More

    [Bob Knakal Departs JLL After 6 Years]( [Investment sales broker Bob Knakal has left JLL, where he has been a top name for six years.](   [Paul Darrah Joins Citadel to Lead Real Estate Operations After 7 Years at Google]( [Darrah was a key part of Google’s decision to acquire Chelsea Market.](   [MBA CREF 2024: Adaptive Reuse Projects Driving Uptick in Financing Requests]( [An increasing number of commercial real estate borrowers are seeking financing tools for adaptive reuse projects with certain properties.](   [MBA CREF 2024: Office Sector Needs Reset, but Conversions Won’t Be a Savior]( [A full-blown reconstruction of office sector at far lower valuation points is needed to succeed in the current hybrid working climate.](   [MBA CREF 2024: Former PIMCO CEO Warns of the Impact of Industry Noise]( [Mohamed A. El-Erian kick-started the packed MBA CREF with the (multi) billion-dollar question of “What’s Ahead in the Global Economy?”Â](   [Data Centers Lean More on Proptech, and Proptech Leans Back]( [The relationship between the hubs and the technology seems custom-built for proptech firms to capitalize on.](   [Cold Storage Is Hot — and It Will Stay That Way for A While]( [Changing eating habits, shifting grocer and restaurant needs, even the rise of new diet pills — the stars are aligning for the asset class.](   [Terminal Warehouse Office Conversion Inches Toward the Finish Line in Chelsea]( [L&L, Normandy and COOKFOX Architects are close to finishing the conversion of the former Chelsea freight terminal into upscale office.](   [Meta Exits 275K SF at 770 Broadway]( [Vornado CFO Michael Franco said earnings will take a “ding” this year.](   [Franz Colloredo-Mansfeld Explains Cabot Properties’ Latest Expansion]( [The private equity firm was one of the first to go big in the industrial logistics space, and it just raised another $1.57 billion fund.](   [View in Browser]( | [Advertise]( | [Forward to a Friend]( [Manage your email preferences or unsubscribe]( [Share your thoughts: Help us improve with our quick feedback survey!]( [Commercial Observer]( © Copyright 2024 [Observer Media]( 1 Whitehall Street, Floor 7, New York, NY 10004 This newsletter was published 02/17/2024