The merger with CoreLogic would triple CoStar's total addressable market in the $180 trillion global real estate industry.

The fund will focus on transitional multifamily, office, and retail assets, especially those located within mixed-use developments.

The value of its 25% interest in the commercial condo units is $275 million, or $793 per square foot.

This tops Stone Point Capital and Insight Partners' earlier bid of $6 billion.

The buyer has ties to a California-based logistics real estate investor.

Moody's found that smaller shopping centers faced more issues before COVID and are now dealing with servicers reluctant to modify.

Due to persistent pandemic-driven operating and liquidity challenges, leisure and entertainment leveraged loan defaults are rising.

Over longer time horizons, improved performance becomes apparent.