PropTech Investment Corporation II, a SPAC led by chairman Tom Hennessy, is merging with Appreciate, which helps investors buy, manage and sell rental homes.

The Biden administration is preparing steps to address the housing shortage in the U.S., reports The Wall Street Journal. Class-A office space is more in demand than ever, according to Commercial Observer. These are among today’s must reads from...

Rents for these facilities can often be 50 percent above those at distribution facilities in traditional locations.

DivcoWest, led by founder and Chief Executive Officer Stuart Shiff, had more than $16.2 billion in assets under management. But the discussion could end without a deal.