COVID-19

Class-A office space will likely have the steepest recovery in the next three to five years.

"Companies that create the best environments to support a hybrid workforce and fluid way of working will have a competitive advantage in recruiting when the war for talent reignites."

Hines' $182 million refinance of an Orange County office property gives some insight into how the debt markets are working.

Legacy Hotel & Residences will include a 100,000-square-foot medical center equipped and staffed much like a hospital in a nod to more health-concerned travelers.

Banks with commercial construction loans in their portfolios took a hit as the COVID-19 pandemic forced developers to shut down or delay projects.

COVID-19 has accelerated companies' acceptance of remote work, but social-distancing measures mean that they will continue to require roughly the same amount of office space.

Buying conditions improved in the second quarter among average workers in the US, although concerns over the pandemic may have an adverse effect in the coming months.

"For investors looking for exposure, we continue to favor stable, grocer anchored portfolios with positively trending rent collection statistics rather than trying to push further out the risk curve."