CRE Wire

Across the U.S., cash purchases accounted for 30 percent of home sales from January through April, on track with 2015 levels.

The deal builds on two initiatives by Blackstone: to build permanent capital through an expansion into insurance, and to pursue lower-cost rentals for its CRE business.

High steel prices are causing problems for data center developers, reports Bisnow. New York City has yet to distribute any rent relief despite more than 100,000 applications for aid, according to The City. These are among today’s must reads from...

VineBrook Homes Trust, which operates more than 13,500 SFRs, has held discussions with advisers about going public.

The cost of hotel and motel accommodations in the U.S. surged 7.9 percent in June from a month earlier, the second-largest gain on record, according to the Labor Department.

The New York Times looks at why so many commentators insisted that COVID-19 would spell the end of big U.S. cities. Related Cos. is investing in CareMax Inc. to develop senior health centers in underserved communities, reports The Wall Street...

The firm offered to take over the industrial REIT for $18.70 a share, in a rival bid to Sam Zell’s Equity Commonwealth.

On the Alternatives Exchange, HNW investors and advisors will be able to browse, purchase and sell private investments such as real estate, hedge funds and private equity.

Barry Sternlicht’s investment firm has been selling malls across the U.S. at money-losing prices.

Medalist’s investments focus on lending against assets including commercial and residential real estate, accounts receivables, auto equipment, and aircraft and litigation proceeds.