To talk about the future, the new normal is so uncertain. That is according to Mary Ludgin, head of global investment research at Heitman. According to Ludgin, who recently spoke at the CREW Network Convention: A Virtual Experience. She told the virtual audience that on the capital markets front, transaction activity is down 68% year over year and most of the activity is in industrial and medical office building storage. Value-add apartments are still in high demand and there is limited to no activity in office and retail at the moment, she explained.

"There is a bid/ask spread of about 10% to 15% on average. Multifamily pricing benefits from GDC financing," she noted. One thing she is also seeing is several brokerage houses launching core "bullet proof" deals to test market pricing.

"We are seeing more creative investment processes emerging such as virtual tours and drones," she explained. "We are also seeing a willingness of third parties to travel to conduct inspections."

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Natalie Dolce

Natalie Dolce, editor-in-chief of and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel,, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including and Museums New York magazine.