Chinese life insurers China Life and Ping An are making their first equity investment in U.S. real estate with a stake in a Boston Seaport District project, reports Bloomberg. Commercial property values have rose 14 percent above their previous cycle peak, notes the Wall Street Journal. U.S. office space rents rose at the fastest pace in a decade in the first quarter, according to Reuters. These are among todays must reads from around the commercial real estate industry.
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