And it accelerated form there.  7 years after that my recent acquisitions have all been over $5M each and I'm into multi family, retail and office. 

**Infrastructure Development and Transportation:**Tulum's infrastructure is evolving, with plans for shopping malls, cinemas, and major retailers.

Hey Diane, Your best bet might be to explore some off market options if you are finding that the retail market is inflated.

Keep promising but really no great use cases for retail

I'm looking for guidance on how the commercial lending process works in comparison retail mortgages. 

Retail, restaurants and some small free-standing amenities.

@Carlos PtriawanI did recently see a video with US significantly lacking from other major countries as our office vacancy rates are significantly higher than others, and we are one of the only countries who is not permanently back to the office .Which, of course this not only impacts office, but a significant impact on small businesses, especially retail such as restaurants who support these offices.

Even my usually stable office REIT got haircut.... 100% I think you do need to break out Office/Retail from MF in the discussion as it does not matter how awesome you are as a sponsor in office / retail they are getting crushed everywhere due to COVID then work from home policies.

(DKMC) (2/1/24)Crescent Mortgage Co. to shut down, lay off 65 employees (1/31/24)Heritage Bank to exit retail mortgage lending (1/25/24)UMortgage acquires Community Mortgage Brokers (CMB) (1/22/24)Country Club Mortgage to let go of 105 employees in Central California (1/17/24)Wells Fargo mortgage layoffs (ongoing)Truist Financial to close bank branches, cut mortgage jobs (1/8/24)Kinecta Federal Credit Union layoffs in El Segundo, CA (1/3/24)But are there any serious concerns in the Mortgage Market?

You paid retail price and you're waiting for appreciation over time.I hope this helps!