With Americas head Kevin R. Smith due to retire from PGIM Real Estate in March, Cathy Marcus and Alfonso Munk have taken on additional duties while retaining their current titles.

Third-party logistics operators and facility owners are benefiting from a rapidly rising rate of product returns as many retailers outsource their reverse-logistics operations to cut costs and gain maximum efficiencies, CBRE reports.

There is plenty of profit to be made in self-storage and multifamily, and the two markets run parallel to each other.

And most observers believe that the market is no longer seller orientated in regard to pricing, and has instead moved to neutral.