Term Sheet: Wells Fargo cuts $550m Hudson Yards retail conversion deal; PGIM extends lending streak with $333m industrial deal; institutional investors show more valuation concern in Goldman survey

Wells Fargo goes against the grain with planned $550 million deal to convert Hudson Yards retail floors to office space; PGIM continues filling bank lending void with $333 million California industrial financing package; Goldman Sachs Asset Management tracks uptick in investor concern around public and private real estate valuations; and more in today’s Term Sheet, exclusively for our valued subscribers.

Term Sheet