The firm purchased a leasehold interest in 5th & Bell, a 192,000-square-foot office building in Seattle that is fully leased to Amazon.

Asking rents declined 0.5% from midyear to the third quarter—the smallest quarterly decline since the beginning of the pandemic.

Investors are increasing capital allocations to retail assets in search of more attractive cap rates.

The abundance of capital in the single-family rental market is leading to a deterioration of site selection as investors search for opportunities to invest.