Shareholders asked to redeem $4.5 billion last month from Blackstone Real Estate Income Trust “in a month of tremendous market volatility and broad-based financial stress,” the company said Monday in a letter. BREIT allowed about $666 million to...
In uncertain economic environments, institutional and foreign commercial real estate investors often revert to the safety of the biggest American cities.
Maybe Musk is withholding payment as a move in what is known among scholars as the “holdup game”—an opportunistic effort to force better terms from a counterparty who’s poorly positioned to resist your demands. Think of a seller about to deliver a...
A plan unveiled last week by China Evergrande Group has raised concerns that investors may have to wait for years to get their money back. Under one of the options, the biggest Chinese builder to default offered to swap old notes with new ones...
Among the 10 cities that are seeing the highest net inflow of house hunters, half are in the Sunshine State, according a report from real estate brokerage Redfin. New York was the top out-of-state origin for buyers in three of those Florida cities...
The Bentonville, Arkansas-based company is paring jobs as it bolsters warehouse automation to reduce the cost of handling online purchases. The retailer has so far avoided the kind of mass layoffs underway at rival Amazon.com Inc., which this week...