- Reuters
Big-name funds pile into real estate debt as banks retreat
Some of the world's largest investors are making deeper inroads into lending to commercial property, as they snap up market share from retreating banks and bet on an end to the sharp drops in real estate prices. U.S. fund firms PGIM, LaSalle and Nuveen, Canada's Brookfield and QuadReal, Britain's M&G, Schroders and Aviva, and France's AXA all told Reuters they plan to increase their credit exposure to property. "If I look at our strongest bet currently, it's probably real estate debt," said Isabelle Scemama, who heads up AXA's 183 billion euro ($198 billion) alternative investments arm.
- KRON
Daly City man arrested for reckless driving, crashes with 2-year-old in car
(KRON) — A Daly City man was arrested on Saturday after he was involved in multiple collisions while driving a 2-year-old child, the Pacifica Police Department said. PPD was called to Anza Way and De Solo Drive at about 3:12 p.m. for a crash. After arriving, officers learned that one car had been involved in […]
- Associated Press
Incumbent Baltimore mayor faces familiar rival in Democratic primary
The 2024 Baltimore mayor’s race includes familiar faces and corruption allegations — two common themes in the city’s long history of political scandals. In the Democratic primary on Tuesday, incumbent Brandon Scott is facing off against former Mayor Sheila Dixon, whose tenure was cut short in 2010 after she took a plea deal for misappropriating gift cards meant for poor families. Both candidates also ran in 2020, with Scott ultimately beating Dixon by a narrow margin.
