Shared office space firms are enjoying a rise in sales this summer as U.S. businesses grappling with the seismic changes in the workspace world sparked by the pandemic seek flexible and short-term solutions. Hundreds of companies particularly in the technology sector are taking spaces from these firms, ranging from a handful of desks to over 50,000 square feet for periods as short as one month. Many individuals are also doing this on their company’s dime as they wait for their employers to figure out when it is safe to require workers to return to pre-pandemic offices.

The private-label mortgage market—in which financial firms serve the middleman role of creating giant pools of loans and selling them to investors—had more than $42 billion of issuance in the second quarter. That is the most since the pandemic started and almost the most for any quarter since the last financial crisis.

A divided Supreme Court lifted part of New York’s eviction moratorium, saying the state had gone too far in protecting tenants at the expense of landlords. The high court blocked a state measure that made it easy for tenants to invoke eviction protections by self-certifying that they were facing financial hardships during the Covid-19 pandemic. Landlords generally couldn’t challenge such certifications.

The owner of Saks Fifth Avenue is converting parts of department stores into co-working spaces with WeWork, a strategy that marries the popularity of remote work with the struggles of bricks-and-mortar retail. The new venture is called SaksWorks.

Cushman & Wakefield will make a $150 million investment in the planned merger between WeWork and a public company later this year. That merger, expected to value WeWork at $9 billion including debt, will cap off the firm’s effort to reconstruct its balance sheet following the high-profile collapse of its planned initial public offering in late 2019.

Firms sold $24.5 billion of CRE CLOs this year through July 31. That is already a full-year record for data going back to 2014, beating 2019’s previous $19 billion peak.

The Biden administration announced a new federal moratorium on evictions, bowing to pressure despite White House officials saying they lacked the legal authority to do so. The action aims to buy states and localities more time to distribute about $47 billion in rental assistance as just $3 billion of that money had reached tenants and landlords.The CDC said its new order will last through Oct. 3.

The FTSE Nareit Equity Apartments index, which tracks landlords, is up 42% since January, trouncing the S&P 500’s 17% gain. Median rent has risen more than 10% over the past year.

Foreigners purchased $54.4 million of U.S. residential real estate in the year ended in March, which is down 27 percent, the lowest level on record since NAR began collecting the data in 2011.

$144.7 billion worth of commercial property sold in the second quarter of 2021, more than the average for that quarter for years 2015 to 2019. Most popular with buyers are multifamily buildings and properties in Sun Belt cities.