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...The largest properties of the late Berlusconi were owned through Idra, a real estate company....
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...“We really see real estate bottoming from a valuation standpoint,” Gray told the Financial Times last month....
...Blackstone is the largest real estate investor in the world....
...The real estate crunch has created headaches in parts of Blackstone’s business. It has had to limit investor redemptions from its flagship Blackstone Real Estate Income Trust....
...In his comments to the FT, Gray predicted real estate values would begin to rise again soon as interest rates fell. “We really see real estate bottoming from a valuation standpoint,” he said....
...The milestone signals that pressure is falling on the fund, called Blackstone Real Estate Income Trust (Breit), after a dash for redemptions over fears about real estate valuations caused Blackstone to limit...
...The BXPE fund will bring corporate buyouts, the foundation of Blackstone’s business, to wealthy individual investors in the culmination of a decade-long effort by leaders Stephen Schwarzman and Jonathan...
...The construction company’s distress has provoked concerns over broader insolvency risks in Korea’s real estate project financing sector spreading to other parts of the country’s financial system....
...Signs of stress in the commercial real estate sector are now coming thick and fast....
...The China Securities Regulatory Commission plans to impose a Rmb4.2bn ($580mn) fine on Hengda Real Estate, Evergrande’s mainland business, according to a filing by the company late yesterday....
...The region-wide Stoxx Europe 600 was up 0.1 per cent, pulled higher by utilities and rate-sensitive real estate stocks....
...Amherst Group, a real estate investment company, has hired Evan Levy as a vice-chair and member of the executive committee. He was previously co-head of real estate at Weil....
...Private equity-owned German real estate lender Aareal Bank warned there was “more to come” after one in four of its US office loans went into default last year....
...The Germany property lender was lured in by the prospect of sweet returns in commercial real estate. Now it is suffering thanks to an interest rate shock and a collapse in demand for offices....
...Commercial real estate is Donkey Kong....
...Silvio Berlusconi’s Sardinian beach estate is going on sale for €500mn after his five children agreed to sell the asset, according to people with knowledge of the transaction....
...Svanstrom said Rightmove was continuing to diversify its business into new areas including rental and mortgage services, and commercial real estate....
...Blackstone’s previous retail hits in real estate and corporate loans collected either rent or interest payments. As such, they paid healthy distributions that compensated for their limited liquidity....
...Responding to popular concerns about commercial real estate — rising interest rates and work-from home-trends — he said: We have always focused on owning premier real estate in the best locations, which...
...Official data on Monday showed China’s real estate sector crisis was continuing....
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...Barings added that Corinthia, which was founded by former real estate executive Paul Weightman in 2022, continued to contact other employees within its private credit business in the days that followed....
...“[W]ithout the releases, there is no settlement, the debtors likely would be forced into a Chapter 7 liquidation, and unsecured creditors would probably recover nothing from the debtors’ estates,” Purdue...
...Urban doom loop Losses in commercial real estate are hitting more than just investors....
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