Capital Markets

LPC Desert West purchased its first asset in the Utah market, and it plans to grow a portfolio there.

The fund will make new loans and invest in real-estate debt securities.

From December to June, the NOI of retail assets declined by 21.4%, and hotel assets saw a 39.7% drop.

Approximately $600 million of previously announced capex spending in 2020 will be deferred as owners make difficult choices between investing in existing assets, forgiving rent and making debt service payments.

JLL's new retail industrial team will aim to assist retail clients in navigating both real estate and supply chain distribution needs in the post-pandemic world.

Private office owners make up a larger proportion of total ownership in California and are unique exposed to Prop 15.

There are signs that in the data that some borrowers may be strategically defaulting on their loans.

While there is ample cash equity seeking deals, lenders are concerned about the viability of the commercial property market.