A venture led by private equity giant TPG that acquired DTZ last week has made clear that it wants to be the worlds third-largest provider, after CBRE Group Inc. and JLL. It is unlikely that CalPERS' $25.6 billion real estate portfolio will be able to sustain the strong returns produced in the last three years, said a report by the $296 billion pension fund's real estate consultant. Samuel Zell has his sights on the grocery business and is bidding for a portfolio of 100 grocery stores being sold by Albertsons. These are among todays 10 must reads from around the commercial real estate sector.
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