Capital Markets

Investors tend to return to core markets during a downturn when prices drop and yields are better.

Following the sale of Riata, the venture's Austin portfolio includes 7700 Parmer, a four-building nearly 1 million-square-foot office campus located a short distance from the $1 billion 133-acre Apple facility underway.

In New Jersey, the arranged sales involving 3,683 units with a sales value in excess of $606.8 million in 2019. In the Greater Philadelphia metro region, Gebroe-Hammer Associates orchestrated more than $455 million in sales totaling more than 4,265 units last year.

Newmark Knight Frank Multifamily reports it arranged more than $61 million in financing in connection with the purchase of the property that was completed in 2000 and is located adjacent to Route 59 Metro Station.

While capital likes multifamily and industrial, most CRE sectors, even retail, have a positive story.

Vestar recently purchased a six-property 297,599-square-foot retail portfolio for $95 million in an off-market transaction, and it now owns and manages more than 1 million square feet of retail property.