Fueled by billions of dollars from affluent individuals, Blackstone Real Estate Income Trust has become one of the firm’s top profit drivers, expanding property investing in private markets to the masses. Now, the money machine is facing its biggest test. Rising interest rates threaten to drag down property values and make cheap debt harder to come by.
The Golden State is home to some of the U.S.’ most expensive real-estate, making the ultra-tight market a headwind for attracting those crucial college students in the coming years.
Washington Business Journal cites D.C. Property Tax Administration's assessment of the market value of the nation’s highest profile government buildings, such as the White House. The Empire State Building is among a number of office buildings that have installed beehives recently as part of an effort to bring back tenants, reports Commercial Observer. These are among today’s must reads from around the commercial real estate industry.
