The dynamic reflects both a dearth of deals taking place and the fact that distress hasn’t started working through the marketplace yet.

The portfolio comprises two facilities in the Grand Rapids MSA, 5460 Executive Pkwy. in Grand Rapids and 1865 Industrial Dr. in Grand Haven, Mich.

The CEO of the publicly-traded industrial REIT discusses the outlook for industrial facilities, Duke’s balance sheet and dealing with natural disasters.

About $75 billion, or 20 percent of all global CRE investment in the first half of the year, went toward industrial and logistics properties, according to Savills Plc.

A “downturn” may not be the right word when it comes to CRE, says PGIM Real Estate’s Todd Goldberg. A “bifurcation of the market” might be more accurate.

The real estate investment manager has continued to bet on new acquisitions amidst the pandemic.

The alternative asset manager is soliciting interest from potential suitors to buy Agro Merchants Group.

The retail property index is expected to drop 11.4 percent and not return to positive territory until 2022.