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Archive for February 20th, 2025
Blackstone is still bullish on real estate — even offices — despite lackluster returns
Private equity giant Blackstone said it had one of its best quarters in 2 1/2 years, but real estate was not among its better performers. The New York-based firm’s fourth-quarter results were tied strongly to its infrastructure investing, which includes data centers. However, pure real estate investments were challenged by volatility in Treasury yields and […]
Office building along Chicago River becomes largest to trade hands in city since 2018
The real estate investment firm of former NBA team owner Robert Sarver has completed a nearly $89 million purchase of a sprawling structure along the Chicago River that’s the largest office property on record to trade hands in the city since 2018. Sarver’s Arizona-based 3Edgewood earlier this month bought the approximately 1.6 million-square-foot building at […]
New analysis of LA fires reveals property damages top $30 billion
Three weeks after the onset of the most destructive wildfires in California history, a new analysis has determined that the blazes wiped out almost $31 billion in property value, including land. The findings, based on exclusive data from CoStar Group, show that lost value stems from approximately 11,200 residential and commercial properties burned in the […]