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real estate

2 dispatches

• Reading Note

The University of California Buys the Ritz-Carlton Half Moon Bay

The University of California's investment arm purchased the oceanfront Ritz-Carlton Half Moon Bay for $193 million—a reminder that top universities are essentially sovereign-scale investment funds with an educational front.

• Reading Note

Trouble in commercial real estate

Commercial real estate (and, by extension, community banks) are in a world of hurt as hybrid/remote work, higher interest rates, and property bubbles deflating/popping collide… ---