Retail

Hy-Vee has been adding nail bars, shoes, clothing, and much more to its stores.

Fast casual restaurants have put more focus on their off-premises operations, with many planning to add or expand drive-thru operations.

Multifamily, industrial and even retail deals are getting financed, but urban and suburban office is still considered a challenged asset class.

"This 'artificial' July boost was clearly beneficial to retail, even if it made the sector appear somewhat ahead of where it really was."

There are key differences in how operations expenses like property taxes and insurance are handled in apartment communities versus shopping centers.

"We still believe there is a place for third-party retail despite the growth of DTC, but the balance of power has clearly shifted to leading manufacturers."

The pandemic exposed the shortfalls of having disparate systems in place to communicate with investors.

Developers are planning for a high-tech future that requires greater flexibility.