Even with an economy that seems headed for a soft landing, there are bumps on the runway. And one of the biggest and most obvious bumps to dealmakers is in real estate — especially commercial real estate, which had problems even before Covid sent workers home. The tumble in CRE hasn’t reached a crash, but a correction is coming, according to a recent report by PitchBook. The Roundup this week takes a look at the report and its relevance to Texas, where even a surge in employment hasn’t managed to fill a growing number of office buildings. Those details and the usual rundown of last week’s Texas-related deals.

When watching the M&A markets it’s easy to become fixated on billion-dollar deals. But the bread-and-butter transactions of a truly healthy market lie in the middle. Having looked at the high-end last week, the CDT Roundup this week checks out Citizens Financial’s 13th annual survey of CEOs, CFOs and private equity principals which found them warming up to what they see as an economy free of the kind of headwinds that have chilled expectations in recent years. And the data suggests a surge may be in the making as 8 in 10 PE firms see themselves as stronger buyers than they were in 2023. Claire Poole has the particulars along with the usual summary of Texas-related deal activity last week.