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Credit ratings were cut on the highest number of commercial mortgage-backed securities in "recent memory" last week, according to strategists at Bank of America Corp. The tally of downgrades last week hit 121 tranches from 40 deals,…
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California's insurance commissioner announced a new regulatory plan backed by the industry that would allow insurers to factor future climate risks into their pricing and require them to offer more coverage in fire-prone areas. The…
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W.P. Carey, valued at about $23 billion, was left with a commercial real estate portfolio of 1,475 net lease properties and 85 self-storage operating properties. W.P. Carey said it intends to focus on investing in more lucrative sectors…
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