Sales of risky CLOs are hitting records, reports The Wall Street Journal. Vox looks at what happened to the $45 billion in federal rent relief. These are among today’s must reads from around the commercial real estate industry.
Fund managers are having a tougher time reaching fundraising targets, requiring them to stay in the market longer than intended.
Two retirement systems are teaming up with Hudson Cos. for the construction of middle-income housing in the city and surrounding suburbs.
PG&E, which plans to move to Oakland in 2022, sold the building to a joint venture of Hines Atlas for $800 million.