With a presidential election looming and uncertainty about the future, 2024 was an interesting year for commercial real estate industry.
The year was peppered with news about major retailers — from Macy’s to Big Lots — shutting down stores but it also lacked what seemed the endless number of multifamily property sales posted in recent years.
That doesn’t mean retailers didn’t enter the market or that no apartment properties changed hands, of course. But those kinds of deals seemed to take a back seat in 2024…