The future always arrives in California first—the good and the bad.

When the pandemic roiled commercial real estate markets across asset classes, nowhere was the seismic impact on the CRE landscape more pronounced than in the Golden State, which is no stranger to earthquakes.

Take your pick: ports unable to move containers, warehouses bursting at the seams, offices emptying out, a housing crunch sending the median price of homes soaring past $1M and apartment rents up over $3,000 per month, malls turned into ghost towns…and that's the short list.

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