Metro Loft Developers LLC, headed by Nathan Berman, is partnering with Silverstein Properties to raise $1.5 billion in equity to start SilverLoft, an engine for years of conversions, beginning with 55 Broad. Metro Loft and Silverstein have...
The White House's proposed Renters Bill of Rights is likely more talk than action, reports Propmodo. Commercial Property Executive takes another look at the $15 billion STORE Capital deal, now that the transaction has closed. These are among today...
Frank Cohen, a nearly three-decade firm veteran, will cede leadership of Blackstone’s “Core+” real estate business to Wesley LePatner, the group’s global chief operating officer, according to Blackstone executives.
One of New York City’s largest commercial real estate owners had to write down the value of its portfolio by $600 million, reports Bisnow. The U.S. market saw the delivery of a record amount of new industrial space last year, according to...
As much of the world barrels back to post-Covid normalcy, Canada’s second-largest city is struggling to recover. Its office vacancy rate has soared to 16%, according to CBRE Group Inc., with only Calgary faring worse among the nation’s five...
Kushner Cos. says it is still interested in buying Veris Residential, who it accused of misleading the public, reports Bisnow. Nareit issued a rundown of REIT secondary debt and equity offerings. These are among today’s must reads from around the...
The Las Vegas Strip, home to giant casinos such as the MGM Grand and Bellagio, recorded a total win of $8.29 billion in 2022, an increase of 17 percent from the prior year, according to data released Tuesday by the Nevada Gaming Control Board.
Blackstone Real Estate Income Trust told investors Wednesday that it fulfilled repurchase requests for 2% of its net asset value. That accounted for about 25% of what investors wanted to pull out, according to a letter. January repurchase requests...
About $30 billion worth of CMBS loans tied to commercial properties in Los Angeles and Orange County, Calif. are coming due this year, reports The Real Deal. Commercial Observer looks at how the proptech sector partners with universities to solve...
