Los Angeles

After the initial halt in apartment investment activity due to the coronavirus pandemic, demand and activity in Santa Monica is beginning to return.

Most recent CRE investment demand is from investors looking to complete a 1031 exchange during the pandemic.

Foreclosures are "artificially low" due to federal and state moratoriums and will significantly increase when those expire, but it's unlikely default rates will reach the levels of the 2008 recession.

Brokers have not seen a significant change in pricing compared to pre-pandemic valuations.

Since the start of the pandemic, apartment rents have fallen 1% with average rents at $1,357 for a one-bedroom apartment.

The most recent conversation around racial equality has helped wake the CRE industry up to the issue and solve it.

Troy Jenkins joins the firm as principal and director of investment management to lead the expansion of the platform.

Nearly 14 million square feet of retail space has been converted into industrial space to support ecommerce demand.