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Investment

Flight to quality is an inescapable term in any conversation about the office market these days. The trend of companies favoring higher-quality office buildings certainly seems to be playing out in many office markets in the U.S. and internationally, especially in Manhattan. Manhattan’s office market saw 190 leases of at least $100 per square foot in 2022, according to JLL....
The potential merger between grocery giants Kroger and Albertsons has drawn attention from retail analysts, but the people paying the most attention are anti-trust regulators. A Kroger and Albertsons hybrid would create a massive nationwide supermarket chain that could compete with Walmart and Amazon’s Whole Foods. The merged company would obtain distribution efficiencies, gain greater leverage with suppliers, and give...
Earlier this month, investors in the Blackstone fund BREIT (Blackstone Real Estate Income Trust) learned that limits were being put on how much money they could pull out of the fund. Blackstone executives put the brakes on withdrawals after redemptions exceeded the fund’s quarterly limits. The move understandably made big news in the real estate industry. Launched just five years...
Cities have set ambitious real estate decarbonization goals, to say the least. New York City, for example, aims to reduce carbon emissions from 1990 levels by 85 percent by 2050, with the ultimate goal of net-zero emissions. Boston is aiming to be carbon neutral by 2050, Washington, D.C., wants to slash emissions by 60 percent by 2030, and San Francisco...
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