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Vornado's Steve Roth with 1540 Broadway

Vornado writes down portfolio by $600M

Vornado Realty Trust’s challenges continue to show up on its balance sheet: The company has written down the value of its real estate portfolio by $600 million. Steve Roth’s real estate investment trust indicated...

Vornado writes down portfolio by $600M
A photo illustration of Blackstone's Jon Gray (Getty, Blackstone)
National

Blackstone ramps up tenant evictions

One of the country’s biggest landlords is ramping up evictions after a long period of pandemic-related forbearance. Blackstone filed eviction lawsuits against hundreds of tenants across the nation, the Financial Times reported. Court records...

Blackstone ramps up tenant evictions
Jonathan Gray
National

Real estate problems drag down Blackstone’s profits

The value of Blackstone’s real estate portfolio dropped in the fourth quarter, hurting profits as rising rates dragged down...

Real estate problems drag down Blackstone’s profits
From left: Blackstone's Nadeem Meghji and Jon Gray (Getty, Blackstone)
National

University of California commits $500M more to BREIT

Blackstone’s real estate investment trust secured another $500 million commitment from University of California’s endowment as it tries to...

University of California commits $500M more to BREIT
Blackstone’s Nadeem Meghji
National

Blackstone REIT’s latest adversary: tenants

Blackstone’s real estate investment trust is under pressure on multiple fronts. As it works through an investor scare triggered...

Blackstone REIT’s latest adversary: tenants
Vornado Realty Trust's Steve Roth

Vornado gets booted from S&P 500

The city’s second-largest commercial landlord is starting the year with some bad news. Vornado Realty Trust cut its dividend by nearly 30 percent after the markets closed on Wednesday, Crain’s reported. The economic downturn...

Vornado gets booted from S&P 500
A photo illustration of New York City REIT CEO Michael Weil (Getty, New York City REIT)

New York City REIT bails on trust status

New year, new strategy for New York City REIT. The office landlord is expanding its business beyond the city and changing its status from a real estate investment trust to a taxable C corporation....

New York City REIT bails on trust status
Blackstone's Jonathan Gray, UC Investments' Jagdeep Singh Bachher (Blackstone, L'attitude, Getty)
National

University of California pumps $4B into Blackstone REIT

UPDATED, Jan. 3, 2022, 3:30 p.m.: After a trying month for Blackstone’s real estate investment trust, the University of...

University of California pumps $4B into Blackstone REIT

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