"Recent transaction data continues to prove that buyers are not shying away from spending top dollar on high-quality, high-potential office assets."

A better balance between supply and demand could take 12 to 24 months.

"CLOs provide more flexibility to make modification and adjust loan terms and structure to meet changing asset conditions."

But an overstimulated economy is better than a recovery that takes years to happen.

The venture will offer various solutions, including lending, servicing and asset management, distressed workouts, and operational consulting.

Different accounting treatments are needed for companies that exit or modify a lease because of remote work.

These projects are also an opportunity for asset owners to reposition aging properties.

The two properties are about 90% occupied.