The Senate approved a six-year extension for TRIA, a day after legislation passed through the House, reports The Hill. KKR hired a team of former Rialto Capital Management executives to help it invest in real estate debt, according to Bloomberg. Zara parent Inditex agreed to pay a record $20,000 per sq. ft. for a retail condo in New Yorks Soho neighborhood, reveals The Real Deal. These are among todays must reads from around the commercial real estate industry.
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