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...The loans were tied to its residential portfolio and development pipeline....
...Canary Wharf Group has been pushing to diversify the estate from its traditional focus on financial services offices by adding residential buildings, shopping and restaurants....
...The FDIC aimed to preserve “the availability and affordability of residential real property for low- and moderate-income individuals”, according to a September press release....
...Blackstone bought the Milan property as part of its 2021 acquisition of Reale Compagnia Italiana, a private Italian firm that also owned offices, hotels and residential properties in the city....
...Brookfield Corporation, the Canadian holding company recently separated from Brookfield Asset Management, said fears of a commercial real estate meltdown have been overblown because distress in office buildings...
...Assets with decent rental prospects — such as warehouses, residential buildings and the top slice of offices — will find refinancing easier....
...Brookfield and QIA are hoping that’ll be enough to make good on their investment....
...Shortly after publishing results, SBB abandoned a plan to sell its educational properties portfolio to joint venture partner Brookfield....
...US funds Blackstone and Brookfield, which are among the largest investors in UK real estate, both have large life sciences investments....
...The secretive top end of the UK capital’s property market — both commercial and residential — has long drawn many super-rich British and overseas buyers....
...Both Brookfield and EIG have targeted Australia’s energy sector in the past to target opportunities in the country’s energy transition....
...Origin Energy, a liquefied natural gas developer and energy company with 4.2mn residential customers, said it would recommend the deal to its shareholders if the indicative and non-binding offer of A$9 a...
...The problem of private equity in residential real estate has been well explored....
...It is easy to think of real estate and have automatic flashbacks to 2008, when residential mortgages brought the global financial system to its knees....
...The estate has also built Wood Wharf, a residential area that houses a “dog-friendly” park and residential complex where apartments can be rented for between £2,300 a month for a studio and £8,000 a month...
...Residential real estate is certainly a better inflation hedge than commercial property....
...The area’s residential offering has also grown in recent years, with more than 3,500 people now living on the estate, compared with none three years ago....
...The architect Frank Gehry’s undulating downtown apartment tower was almost a third vacant during the depths of the pandemic, according to the building’s owner, Brookfield Asset Management....
...Canadian property giant Brookfield last month stopped making payments on $734mn of loans covering two prime Los Angeles office towers while one of New York’s biggest office landlords, RXR, said it was negotiating...
...Some headline-grabbing defaults by big-name asset managers (Brookfield and Blackstone, for example) seem . . . strategic....
...“They want to invest more money in driving growth, and particularly replacing residential infrastructure and helping the decarbonisation agenda.”...
...North Cove Sailing, which is part of Brookfield Place, offers a kids’ sailing camp — no experience necessary....
...Brian Kingston, chief executive of Brookfield’s real estate business, one of the largest players in the sector, pointed out that there are issues with traditional office properties....
...Luminace, a North American division of private equity firm Brookfield Renewable, helped provide funding for the solar power purchase agreements....
...Blackstone, the world’s largest commercial real estate investor, defaulted on a loan secured against a Finnish office and retail portfolio last month, while loans against German apartment buildings backed by Brookfield...
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