Private equity and institutional investors were responsible for 54% of hotel investment volume last year, and they are likely to continue to drive activity in 2021.

While a new Presidential administration and ongoing pandemic are giving investor's pause, varied state and local government responses to the pandemic are the biggest uncertainty for investors this year.

The market is bifurcated with strong rent collections but significant uncertainty about the future of demand.

A new survey from Redfin finds that 40% of low-income renters in Seattle and San Francisco are rent burdened.

The expansion kicks off with the acquisition of a 114,000-square-foot last-mile logistics property in Seattle for $27.7 million.

The city has had the largest numbers of workers return to the office during the pandemic.

The firm had an active year with strong investment volume, totaling 2 million square feet of industrial properties.

Although capital began to return to the market in the fourth quarter, global investment was down 26% for the year.