California's huge pension fund has turned to a trusted insider to take over the daunting job of directing almost $300 billion in investments. Nicholas Schorsch's vast web of businesses is untangled in this simple visual of all entities under his purview. Inland American Real Estate Trust Inc., which is in the process of spinning off its hotel business, said today it is selling 52 hotels to a joint venture for about $1.1 billion. Japanese fashion retailer Uniqlo aims to turn a profit at its small but expanding U.S. network of stores within the next couple of years, the company's top U.S. executive, Larry Meyer, said. These are among todays 10 must reads from around the commercial real estate sector.
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