MetLife and New York State Common Retirement Fund formed a real estate joint venture, so far comprised of a $1.4 billion portfolio, according to WallStreet: Online. Greenlight Capital purchased a stake in Macys at the end of last year, believing it could be a private equity or REIT takeover target, reports Bloomberg. Fortune looks at how U.S. department store chains are trying to stay afloat. These are among todays must reads from around the commercial real estate industry.
read more