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Demand for real estate investments remains high, with multiple sources of active capital, but cross-border investment is likely to slow in the short term and the scope will depend on how the disease evolves.

Industrial property construction added 144 million square feet across 441 properties last year with Dallas in second place following the Inland Empire which is set to grow by a larger margin.

"This asset class is becoming a safe haven for domestic and foreign capital and the market should remain strong."

"Even in a recession, people are still going to buy tobacco, energy drinks, fuel, beer, wine, snacks and all of that stuff."

Somera Road acquired the defaulted loans on the property in October 2018, took title of the property in June 2019 and closed on majority and controlling ownership this month, replacing its prior capital partners.

Retrading is a technique used right before a closing to muscle the seller into significantly shaving the contracted sale price.

The firm currently has two locations in Auburn Hills, MI and one in Farmington Hills, MI. The company is planning a staggered move-in to begin in late 2020, with full occupancy expected by March 2021.

Infinity Real Estate landed a $20.5 million floating-rate loan for the acquisition of the Shops at Richmond Avenue.