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<div class="ad-wrapper ad-leaderboard-mobile htlad-commercialobserver_leaderboard_atf_mobile" id="commercialobserver_leaderboard_atf_mobile"></div> <header class="taxonomy-header section-row"> <div class="taxonomy-header__container"> <div class="taxonomy-header__content"> <h1 class="taxonomy-header__title">Research </h1> </div> </div> </header> <section class="featured-posts"> <div class="piano piano--category piano--category_above-posts-for-newsletters"></div> <script type="text/javascript"> jQuery(document).ready(function ($) { setupNewsletterSignup({ get_nonce_url: "https:\/\/commercialobserver.com\/wp-json\/piano\/nonce", get_email_preferences_url: "https:\/\/commercialobserver.com\/wp-json\/piano\/get-email-preferences", update_email_preferences_url: "https:\/\/commercialobserver.com\/wp-json\/piano\/update-email-preferences" }, $); }); </script> <div class="large-card-wrapper card-wrap "> <div class="large-card card "> <a href="https://commercialobserver.com/2024/11/cre-investable-universe-stands-27t-institutional-capital-12t/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="large-card-image bg-image-cover bg-image-position-center"> <img width="737" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/05/49-Clarion-Fung-Bui.jpg?quality=80&w=737&h=285&crop=1" class="attachment-large-card size-large-card" alt="Clarion Partners is led by Drew Fung & Thanh Bui" loading="1" decoding="async" fetchpriority="high" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Finance<span>  路  </span></span><span>Analysis</span> </div> <div class="divider"></div> <div class="market">National </div> <h2>Clarion: CRE Investable Universe Stands at Nearly $27T, Institutional Capital $12T</h2> <h6 class="byline"> <span>By</span> Brian Pascus </h6> </div> </a> </div> </div> <div class="mobile-sidebar">  <div class="ad-wrapper ad-river ad-top-margin htlad-commercialobserver_300x250_mobile_2" id="commercialobserver_300x250_mobile_2"></div> <div id="trending" class="headliner-with-border"> <div class="section-header"> <div class="border"> </div> <div class="header">Trending Stories</div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/ares-management-office-miami-beach/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span>  路  </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h4>Ares Management to Open 10.5K-SF Office in Miami Beach</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/"> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span>  路  </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> <h4>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/"> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span>  路  </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> <h4>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/apple-lease-11-penn-plaza-macys/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span>  路  </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h4>Apple Takes an Additional 61K SF at 11 Penn Plaza</h4> </div> </a> </div> </div> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/reits-show-healthy-debt-affinity-health-care-telecommunications-assets/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/stock-market-AdobeStock_116189010-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Stock market tables" decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Finance<span>  路  </span></span><span>Analysis</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>REITs Show Healthy Debt and Affinity for Health Care, Telecommunications Assets</h3> <h6 class="byline"> <span>By</span> Brian Pascus </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/midtown-office-market-leasing/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/FrankWallach-MidtownManhattan-web.jpg?quality=80&crop=1px%2C0px%2C960px%2C769px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Frank Wallach, head of research at Colliers, and an aerial view of Midtown Manhattan." decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Midtown Office Market On Pace for Strongest Leasing Activity Since 2018</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap "> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/11/manhattan-office-leasing-availability-october-report/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/11/HORIZONTAL_FrankWallach_Manhattan-web.jpg?quality=80&crop=0px%2C0px%2C882px%2C708px&resize=355%2C285&strip" class="attachment-medium-card size-medium-card" alt="Frank Wallach, head of research at Colliers, and a view of Manhattan." decoding="async" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Manhattan Office Leasing Jumps and Availability Drops in October: Report</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/housing-construction-nyc-low-third-quarter/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/Zachary-Steinberg-construction-GettyImages-590195626-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Zachary Steinberg, REBNY senior vice president of policy. A construction worker builds scaffolding in Manhattan." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>New Housing Construction in NYC Remains Low in Third Quarter: Report</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> </section>  <div class="ad-wrapper ad-river ad-top-margin htlad-commercialobserver_300x250_mobile_3" id="commercialobserver_300x250_mobile_3"></div> <section class="sidebar">  <div class="ad-wrapper ad-right-rail ad-top-margin htlad-commercialobserver_right_rail" id="commercialobserver_right_rail"></div> <div id="trending" class="headliner-with-border"> <div class="section-header"> <div class="border"> </div> <div class="header">Trending Stories</div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/ares-management-office-miami-beach/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span>  路  </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">Florida </div> <h4>Ares Management to Open 10.5K-SF Office in Miami Beach</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/deutsche-bank-sells-cre-loans/"> <div class="card-text"> <div class="finance-label channel"> <span>Finance<span>  路  </span></span><span>Loan Sale</span> </div> <div class="divider"></div> <div class="market">National </div> <h4>Deutsche Bank Sells $1B Worth of U.S. CRE Loans</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/spinoso-baltimore-mall-190m/"> <div class="card-text"> <div class="investments-sales-label channel"> <span>Investments & Sales<span>  路  </span></span><span>Commercial</span> </div> <div class="divider"></div> <div class="market">Maryland </div> <h4>Spinoso Real Estate Buys 1.2M-SF Mall in Baltimore for $190M</h4> </div> </a> </div> </div> <div class="xsmall-card-wrapper card-wrap"> <div class="xsmall-card card "> <a href="https://commercialobserver.com/2024/11/apple-lease-11-penn-plaza-macys/"> <div class="card-text"> <div class="leases-label channel"> <span>Leases<span>  路  </span></span><span>Office Leases</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h4>Apple Takes an Additional 61K SF at 11 Penn Plaza</h4> </div> </a> </div> </div> </div>  <div class="ad-wrapper ad-right-rail ad-desktop ad-top-margin htlad-commercialobserver_right_rail_2" id="commercialobserver_right_rail_2"></div>  <div class="ad-wrapper ad-right-rail ad-mobile ad-top-margin htlad-commercialobserver_300x250_instream" id="commercialobserver_300x250_instream"></div> </section> <section class="posts-wrapper-three-up"> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/measure-ula-revenue-slower-cre-sales/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/Karen-Bass-LA-skyline-GettyImages-1973662732-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Mayor Karen Bass and downtown Los Angeles." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">California </div> <h3>Revenue From L.A.鈥檚 Measure ULA Transfer Tax Increased Despite Slower CRE Sales</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/manhattan-coworking-space-market/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/co-working-GettyImages-1408772282-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="A Spaces co-working space." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Manhattan Still One of the Best Coworking Markets in U.S., Despite Slight Shrink in Space</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/nareit-investment-study-sees-capital-flow-healthcare-telecom-data-centers/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/stock-market-AdobeStock_116189010-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Stock market tables" decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Investments & Sales<span>  路  </span></span><span>Industry</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>NAREIT Investment Study Sees Capital Flow Into Healthcare, Telecom, Data Centers</h3> <h6 class="byline"> <span>By</span> Brian Pascus </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/outer-borough-industrial-market-leasing-vacancy-q3/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/SQUARE_Dimitri-Mastrogiannis_Industrial-web-1.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Dimitri Mastrogiannis, Senior Research Analyst for Cushman & Wakefield, and a industrial warehouse." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Outer Borough Industrial Market Sees Leasing and Vacancy Increases in Q3: Report</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/la-cre-sales-new-lows/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/J.C.-Casillas-LA-Gas-Tower-GettyImages-2172265637-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="J.C. Casillas, managing director of research at NAI Capital, and the Gas Company Tower in Los Angeles." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Investments & Sales<span>  路  </span></span><span>Research</span> </div> <div class="divider"></div> <div class="market">California </div> <h3>L.A. Commercial Real Estate Investment Sales Reach New Lows</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/retail-vacancy-leases-q3-2024-report/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/Patrick-Smith-For-Lease-GettyImages-2160633791-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="JLL's Patrick Smith and a "for lease" sign in the window of a building in Manhattan." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>NYC Retail Vacancy Drops After Major Leases in Q3 2024: Report</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/malls-retailers-holiday-shopping/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/GettyImages-1863798795.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Holiday Shoppers at Macy's in Herald Square." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">National </div> <h3>Malls and Retailers Set for Busy Holiday Shopping Season: Report</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/life-science-construction-report-cbre-2024/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/GettyImages-2087333014.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="A life science building under construction in Somerville, Mass." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Analysis<span>  路  </span></span><span>Life Sciences</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Life Sciences Construction Slows to Meet Tepid Demand, Higher Costs</h3> <h6 class="byline"> <span>By</span> Mark Hallum </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/nova-data-center-development-king-jll/" target="_self"> <div class="industry bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/Andrew-Batson-Data-Centers-GettyImages-2161850834-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Andrew Batson, senior director, Americas data center research and strategy at JLL, and a group of data centers in Northern Virginia." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="industry-label channel"> <span>Industry<span>  路  </span></span><span>Research</span> </div> <div class="divider"></div> <div class="market">Virginia </div> <h3>NoVA Remains King of Data Center Development: Report</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/10/la-office-leasing-activity-savills-report/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/10/Michael-Johnson-Herbalife-GettyImages-1269390853-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Herbalife CEO Michael Johnson and the Herbalife office in Torrance, Calif." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">California </div> <h3>L.A. Records Highest Level of Office Leasing Activity Since Early 2020: Report</h3> <h6 class="byline"> <span>By</span> Nick Trombola </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/09/manhattan-office-leasing-q3/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/09/Rory-Murphy-Offices-nyc-GettyImages-1693128275-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="Rory Murphy, Avison Young's New York City market leader, and an office building in Manhattan." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>Manhattan Office Vacancy Drops As Leasing Activity Rises in Q3</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> <div class="medium-card-wrapper card-wrap premium-card"> <div class="medium-card card "> <a href="https://commercialobserver.com/2024/09/climate-legislation-leasing-renewable-energy/" target="_self"> <div class="more bar"></div> <div class="image-wrap"> <div class="medium-card-image bg-image-cover" style="background-color: #eee;"> <img width="355" height="285" src="https://commercialobserver.com/wp-content/uploads/sites/3/2024/09/Nicole-LaRusso-Ben-Wurtzel-Windmills-GettyImages-1646881775-SQUARE-WEB.jpg?quality=80&w=355&h=285&crop=1" class="attachment-medium-card size-medium-card" alt="CBRE's Nicole LaRusso and Ben Wurtzel and turbines on a wind farm." decoding="async" loading="lazy" /> </div> </div> <div class="card-text"> <div class="more-label channel"> <span>Research</span> </div> <div class="divider"></div> <div class="market">New York City </div> <h3>New York Climate Legislation Drives Surge in Leasing for Renewable Energy Companies</h3> <h6 class="byline"> <span>By</span> Isabelle Durso </h6> <div class="post-flag-premium"> <span class="flag-text">Premium</span> </div> </div> </a> </div> </div> </section>  <div class="ad-wrapper ad-leaderboard ad-top-margin ad-leaderboard-instream htlad-commercialobserver_leaderboard_instream" id="commercialobserver_leaderboard_instream"></div> </main> <div id="spinner-wrapper" class="spinner-wrapper section-row"> <svg class="icon icon-spin" aria-hidden="true" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 512 512" width="42" height="42"><path fill="currentColor" d="M288 39.056v16.659c0 10.804 7.281 20.159 17.686 23.066C383.204 100.434 440 171.518 440 256c0 101.689-82.295 184-184 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