“Property pricing as a whole ended the year where it started it, but performance in 2017 really depended on the type of property,” says Peter Rothemund with Green Street Advisors.

Sears Holdings' announcement of 100-plus closures on Thursday is on top of more than 60 the 125-year-old retailer revealed two months ago.

“Solid real estate fundamentals and economic growth suggest the US real estate cycle will last several more years,” says Melissa Reagen with TH Real Estate. 

The $4.6-billion agreement occurs some nine months after billions in cost overruns on nuclear construction projects pushed Westinghouse to file for Chapter 11 protection.

December's continued pricing contraction “confirms that commercial real estate investors are wary going into the new year,” says Peter Muoio at Ten-X.

“The surge in construction of self-storage facilities across the country has been one of the biggest growth areas in the commercial real estate market” over the past year, says Chris Roach at BBG.

“Fewer loans are defaulting, and those that defaulted in recent years are being resolved away,” often with losses, says Manus Clancy at Trepp.

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.