Commercial

The coronavirus pandemic continues to accelerate e-commerce and industrial real estate needs, and cities like Tulsa are stocked to capitalize on the trickle-down effects. As Tulsa evolves at a newfound pace, its civic leaders, philanthropists and business leaders are reinvesting energy in attracting more young people.

"Our focus on prioritizing decentralization has allowed us to flex our active leased spaces as needed," a spokesperson for the company told FOX Business in a statement. "San Francisco is where a majority of our employees will be based for the foreseeable future, and we will continue to maintain our footprint here.”

IKEA's shopping centers business has made its first American real estate acquisition in the purchase of San Francisco's troubled 6X6 mall.

While major U.S. cities are being vacated as residents flee the coronavirus, surrounding suburbs are reaping the benefits. As a result, cities like Dunwoody, an “edge city” outside Atlanta, are seeing immense economic growth despite the challenging times. 

Even when offices reopen and a vaccine is developed, experts say many employees will still work outside of the office to some extent.

The property encompasses about 1,115 acres and includes a 7,500-square-foot manor home dating back to about 1800.

The ranch includes 280 acres of olive grove with more than 202,000 trees.