What major CRE transactions have still been taking place despite the pandemic?
I'm curious to know what major deals have still been going through in your market, either acquisitions or obtaining financing for new developments.
How are you seen the current economic uncertainty being factored into the sales price/loan terms/buyer & seller motivation, etc?
I've heard that some opportunistic buyers are looking for distressed assets, or looking to buy at same cap rates on depressed rent roll, but I'd think that sellers in a strong position would rather wait it out than sell at a significantly reduced price.
What have you been seeing/hearing?