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...Property investors widely consider payout ratios exceeding cash flows to be a problem in the long term....
...The bid for the site from Blackstone underscores the intense interest among property investors and tech companies to invest in data centres....
...“There are enough things in LPs’ portfolios that they can price at a smaller discount today and that makes them feel better,” Miller said....
...The Docklands financial district was the brainchild of Michael von Clemm, chair of Credit Suisse First Boston....
...US-based materials group Footprint, are made from compressed wet paper fibres with a coating made from a non-plastic material, the details of which it would not disclose in order to protect the intellectual property...
...Last year, fears over commercial property valuations and a rush to cash caused a surge in redemption requests from Breit....
...It is in talks to buy a £230mn property on London’s New Bond Street....
...It also sold billions in property assets, such as hotels, self-storage operators and an interest in the Bellagio, a Las Vegas casino....
...Breit’s value fell as Blackstone marked down some property investments....
...UK tax on $13.5bn BGI deal (FT) More US regulators join Morgan Stanley wealth management probe (FT) Drugmakers race to find alternative suppliers as US cracks down on Chinese biotech (FT) Vietnamese property...
...Aareal, which is owned by Advent International and Centerbridge Partners, and its listed German peer Deutsche Pfandbriefbank have been particularly hard-hit by their exposure to US commercial property....
...Among current predictions, Blackstone’s president Jon Gray said that the commercial property industry sector has or will soon reach its bottom....
...Blackstone cut back its total spending on new property investments from about $47bn in 2022 to about $9bn in the first three quarters of 2023....
...Central Worcester is about 20 minutes away by car, and it’s about an hour to Boston. What A large American Arts and Crafts-style house, originally built in 1910....
...BPY’s core property portfolio contains almost 200mn gross square feet of office and retail space, in about 200 locations....
...This week, the tour approved a deal for a group of investors led by Liverpool FC and Boston Red Sox owner John Henry and his Fenway Sports Group to buy into the new entity....
...The many lives of Trump Tower (BBC) — What’s the value of 3mn LPs in a digital world?...
...The inflows came even after Blackstone was forced to limit withdrawals from a similar $67bn property fund just over a year ago....
...“It’s Boston’s dirt and Harvard’s trees,” he explained to me: the arboretum now extends over some 280 acres. Would I have to walk it all with a professor?...
Private equity firm rebuts short seller’s warning about ‘a lot of rot in its book’
...But he said he did not expect property markets to snap back after years of turmoil, particularly among older office buildings hit by remote working....
...It’s about 2 hours’ drive from Boston....
...Daniel O’Donnell, global head of alternative investments at Citi Global Wealth in Boston, emphasises the advantages....
...About $2.5bn in loans are for WeWork locations that are either closed or on the chopping block WeWork was Boston Properties’ (BXP) tenth-largest tenant, totalling 1.2-per-cent of rental obligations....
...BREIT, Blackstone’s hyped retail property fund, had to restrict investors from cashing out shares for several quarters, per the limits of its investment agreement....
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