The House of Representatives approved a bill that would prohibit tax-free REIT spinoffs, reports the New York Times. Abu Dhabi Investment Authority and Canadas Public Sector Pension Investment Board bought 209 U.S. industrial properties from Exeter Property Group for $3.15 billion, according to Bloomberg. Banking regulators plan to get tougher on risky commercial real estate lending next year, notes the Wall Street Journal. These are among todays must reads from around the commercial real estate industry.
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