Data-driven analysis of the markets, sectors, and trends shaping our investment strategy across energy, technology, entertainment, and real estate.
August 1, 2026
Persistently elevated interest rates are reshaping commercial real estate valuations, capital structures, and transaction volume. We examine the sectors under pressure, the dislocations creating opportunity, and how disciplined capital is positioning for the next cycle.
June 1, 2026
The commercial real estate market entered the second quarter with the bifurcation that has defined the asset class for three years now firmly intact — and in several segments widening. Trophy assets in core gateway markets continued to clear at compressed cap rates, while Class B and C assets in secondary markets traded at widening discounts. Office flight-to-quality continued, industrial normalized from its post-pandemic peak, multifamily fundamentals stabilized, and retail's selective recovery widened the gap between necessity-based formats and marginal stock. This report summarizes Q2 performance across the four major commercial real estate segments.
March 1, 2026
The commercial real estate market opened the year with the bifurcation that would define the asset class through the first half of the year beginning to take shape. The separation between trophy assets in core gateway markets and Class B and C assets in secondary markets started to sharpen into a clear valuation divide. Office flight-to-quality took shape, industrial began its normalization from the post-pandemic peak, multifamily fundamentals showed early stabilization, and retail's selective recovery began separating necessity-based formats from marginal stock. This report summarizes Q1 performance across the four major commercial real estate segments.