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...Blackstone bought billions of dollars worth of apartment buildings, suburban houses and other residential assets during the pandemic....
...At the Spring Place private members club in Manhattan, Blackstone said the unfolding financial crisis could bolster Breit’s earnings because it would constrain bank financing for new real estate construction...
...It’s a pool of money, mostly from wealthy individuals, which is used to buy property assets including warehouses, apartments, student housing and data centres....
...Real estate is a great place to be in an inflationary environment so long as you pick the right sectors....
...The Blackstone chief was apparently referring to his own five houses, which reportedly included a coastal estate in Saint-Tropez and a beachfront place in Jamaica — said to have set him back $125mn....
...A self-catered private apartment for short lets is also under construction. Most of it was built by Eek and his team during lockdown....
...But tax credits only reduce the tax bills of businesses that pay tax in the first place....
...“Rae Street” is named after a Melbourne address where Barnett, 34, spent some of last year living in a friend’s empty apartment....
...Nuveen Investments held fourth place after its real estate assets grew 8.6 per cent to €118bn....
...Everything seems to have happened there, from the launch of the LP record in 1948 to IBM’s personal computer in 1981....
...“I always felt very lucky to live in a place that championed many of the ideals that would spread to the rest of America....
...It’s an obvious transition for an industry that has so much money to spend but very few places to spend it in....
...There are even two booths with their own awnings, like you might see extending over the sidewalk outside apartment buildings in Manhattan....
...The play takes place in New York’s theatreland, with the background set featuring skeletons of tall skyscrapers and neon lights....
...The area around Cyprus Avenue is not gritty, but it’s certainly no place of privilege....
...In 1953, at the Six Gallery on Fillmore Street, Ferlinghetti heard an unpublished poet read a rhapsodic anthem of dissident rage....
...Dimensional has been in the city since 2006, having started in the New York apartment of chairman David Booth in 1981 and later moving to Santa Monica, California....
...A Sade album is propped up on a neat stack of vinyl LPs. She’s recently moved out of a similar estate in Peckham, which she thinks is probably going to be torn down and replaced with luxury apartments....
...“And if one went bust, how are the agreements we’ve put in place protected?”...
...The site, designed by Foster & Partners, will also include 20,000 square feet of retail and restaurants, apartments and an events space....
...The largest of which was Landmark Apartment Trust, an owner of apartments in the south of the US. It’s in contrast to January 2014, when 14 companies went public and raised $2bn....
...This article has been amended since original publication to correctly state Taylor Swift’s place of birth....
...(Financial Times) Biggest apt owner in US almost doubles in size: Greystar Real Estate Partners, the biggest apartment owner in the US, has bought the country’s second-largest multifamily housing operator...
...Just think of all the “dry powder” burning holes in the pockets of the private equity firms (and their LPs!)...
...What subsequently became known as the Kitchen Debate took place at Sokolniki Park in Moscow in 1959, at the American National Exhibition....
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