Midwest

Blackstone Group is close to agreeing on a deal valued at $1.1 billion to sell a portfolio of Spanish mortgages to CarVal Investors, sources say.

Still pending is the approval by HFF stockholders at the company's annual meeting earlier in the day on July 1.

The historic plan was passed with significant bipartisan supermajorities and will investments in roads, bridges, railways, universities, early childhood centers and state facilities like the crime lab and veterans' homes over the next six years. The package of bills also includes new incentives for data center projects.

Usable square foot per work seat is down according to Ted Moudis Associates' director of workplace strategy in an EXCLUSIVE GlobeSt.com article.

The report authors predict that millennials and baby boomers will continue to push household growth, sparking demand in the remodeling market and the demand for entry-level homes.

New CBRE research shows that multifamily mortgage delinquency rates remain at very low levels, a healthy—and underappreciated—performance metric for the sector.