Phoenix’s real estate market has been hot for quite some time, like much of the Sun Belt. According to Colliers, office, retail, and industrial...
No matter what industry you are in, the word “innovation” gets tossed around a lot, so much so that it has started to lose...
Office Building Developers Follow the Coffee
Data shows link between Starbucks openings and office rentals
There’s a crucial role that coffee seems to play in American culture. Don’t believe me? The National Coffee Association discovered that two-thirds of Americans drink coffee each day, which is more than any other beverage including tap water. Coffee has also become a staple of office work. The typical American office worker consumes 1,040 cups of coffee each year, totaling...
Developers, Rejoice: Carried-Interest Loophole Is Saved Again
Promotes are taxed as capital gains, making issue critical to industry
Closing the carried-interest loophole is a game of Whac-a-Mole the Democrats just can’t seem to win. And real estate players won’t shed any tears...
The multifamily market has been on a rollercoaster ride since the pandemic started, and the ride doesn’t look to be over soon. First, the...
Unless you’re tiptoeing back into society from an off-the-grid retreat, hearing that the economy has tumbled into a bear market isn’t breaking news. Wall Street hung its head on June 13th after the S&P 500 closed more than 20 percent beneath the high it reached in early January. Unlike a bull market, which typically lasts around 32 months, bear markets...
The past several years have been great for commercial real estate. Even amid an unprecedented global health crisis, supply chain woes, and rising construction...
Blackstone Has Raised $24B for Its Latest Real Estate Fund
Investor eyeing a record $30B haul
Blackstone says it’s close to finalizing one of the largest real estate investment funds in history. The investment giant has raised $24.1 billion in...
Blackstone Properties bet big when it forked over $1.3 billion, the highest price paid for any office building outside of New York, for Chicago’s iconic Willis Tower in 2015. At the time, Blackstone spending that much on a skyscraper (in the literal home of the skyscraper) signaled the strength of the Chicago market. Blackstone had said that it wanted to...
The Empire State Building opened in 1931 with huge fanfare, marked by an event where then-U.S. President Herbert Hoover switched on the building’s lights...
In the heart of Brooklyn’s bustling downtown district, sandwiched between a tiny historical rowhouse, a hotel, and a luxury rental building, sits the borough’s...
As we continue to see the ripple effects that the COVID-19 pandemic wrought on real estate markets, the life sciences sector is flourishing. Although the sector was on a prominent growth path before the virus, the pandemic only increased its momentum. With the global prescription drug market slated to surpass $1.5 trillion by 2023, demand for life science developments has...
