While increased competition has pushed net lease cap rates down, exclusive WMRE research found some mixed views on whether the tide will turn.

The project will feature two hotels, apartments, condos and retail space. It will test investor appetites to bet on downtown Los Angeles.

A strike by West Coast dockworkers could throw another wrench into the supply chain, reports The New York Times. KKR and GIP closed on their acquisition of data center REIT CyrusOne, according to Commercial Property Executive.

Occupancy at the 3.1-million-sq.-ft. property was at 93 percent in February 2020 and dipped to roughly 90 percent during the pandemic.