Vornado writes down portfolio by $600M
By TRD Staff | February 01, 2023 05:32PM
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
National
Blackstone ramps up tenant evictions
By TRD Staff | January 30, 2023 01:09PM
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
National
Real estate problems drag down Blackstone’s profits
By Suzannah Cavanaugh | January 26, 2023 02:00PM
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
National
University of California commits $500M more to BREIT
By Holden Walter-Warner | January 26, 2023 11:16AM
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
National
Blackstone REIT’s latest adversary: tenants
By TRD Staff | January 20, 2023 04:00PM
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 gets booted from S&P 500
By TRD Staff | January 19, 2023 03:45PM
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
National
KKR clamps down on REIT withdrawals, joining Blackstone, Starwood
By TRD Staff | January 19, 2023 02:49PM
KKR is pumping the brakes on withdrawals from its real estate investment trust, mirroring similar moves by Blackstone and...
KKR clamps down on REIT withdrawals, joining Blackstone, Starwood
National
Blackstone: UC investment “changed the narrative” around BREIT
By TRD Staff | January 12, 2023 11:10AM
“When someone calls with $4 billion of capital, you answer the phone.” That’s how much of a no-brainer Nadeem...
Blackstone: UC investment “changed the narrative” around BREIT
New York City REIT bails on trust status
By Holden Walter-Warner | January 04, 2023 11:00AM
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
National
University of California pumps $4B into Blackstone REIT
By TRD Staff | January 03, 2023 01:03PM
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