New York
Tenants at massive NYC complex sue Blackstone to stop rent hikes
Tenants at Stuyvesant Town and Peter Cooper Village are suing to block Blackstone, the world’s largest commercial landlord, from...
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Behind Blackstone’s “capital strike”
Blackstone had every reason to oppose the overhaul of New York state’s rent law in June. The private equity giant and its Canadian partner Ivanhoé Cambridge had poured more than $5 billion into buying...
How the $5.3B Blackstone, Ivanhoe deal was won
TRD Special Report:In August 1947, as the first tenants were moving into Stuyvesant Town-Peter Cooper Village, workers installed a...
Ivanhoe Cambridge and Blackstone formalize $5.3B deal
From the New York website: On Tuesday morning, more than a dozen politicians came together with representatives of the...
New benchmark set for U.S. CMBS delinquency rate
The delinquency rate for commercial mortgage-backed securities in the U.S. has surpassed 10 percent for the first time ever,...
Westin Ft. Lauderdale in Fitch-downgraded loan pool
Westin Ft. Lauderdale Fitch Ratings yesterday downgraded a pool of commercial real estate loans including one backed by the...
Calpers to unload “higher-risk” housing assets, invest in commercial property instead
The California Public Employees’ Retirement System, the largest U.S. public pension plan otherwise known as Calpers, is shifting its strategy away from residential real...
Banks’ fate worse than borrowers’ in commercial real estate market
As the commercial real estate sector continues to take a dive, it will be the banks, not the borrowers,...
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