US Bankruptcy Judge Marvin Isgur has signed off on Washington Prime Group's Chapter 11 bankruptcy exit, although some uncertainty remains about the value of the REIT's assets. Under the plan, SVPGlobal will exchange debt holdings for ownership of the company.

A group of Washington Prime shareholders are requesting that key deadlines in the REIT's Chapter 11 exit plan be extended by more than a month so advisers have more time to evaluate the proposal. Washington Prime Group plans to sell itself to SVPGlobal in exchange for debt forgiveness, but the shareholders want potential court approval of the deal no earlier than Sept. 23.

Brooklyn Boulders is opening a 31,000-square-foot climbing gym and fitness center at JBG SMITH Properties and LCOR's mixed-use development in the Eckington neighborhood of Washington, D.C.

A new Prologis report illustrates the need for additional warehouse space and highlights trends such as restocking of inventories and increasing consumer confidence. "Structural demand tailwinds, including e-commerce and resilient supply chains, mean that economic growth requires more logistics space than ever before," says Prologis' Heather Belfor. "At the same time, rising barriers to new supply will limit the number of deliveries in the most in-demand locations."

US cities and states are increasingly reopening their economies as evidenced by growing numbers of people using transit and visiting stores and restaurants. Meanwhile, efforts to get more people vaccinated continue.