Office Activity, Blackstone Investments | Economic Update

Office Activity, Blackstone Investments | Economic Update

Blackstone has been reported to have purchased Apartment Income REIT (AIR Communities) for upwards of $10 billion, putting them on the Investment “Offensive.” Office activity implications show the sector may have hit its floor. Read more in the economic...
Inflation, CRE Prices, Housing | Economic Update

Inflation, CRE Prices, Housing | Economic Update

INFLATION According to the Bureau of Labor Statistics, the Consumer Price Index rose 0.3% month over month in January and 3.1% annually. The monthly pace of CPI rose above market expectations and triggered a brief reversal in equity markets. Fed officials have also...
WeWork Bankruptcy, CRE Prices, Apt Declines | Economic Update

WeWork Bankruptcy, CRE Prices, Apt Declines | Economic Update

WEWORK BANKRUPTCY, CRE IMPACT On November 6th, co-working trailblazer WeWork filed for Chapter 11 bankruptcy, bringing additional unease to an office sector battered from the residual effects of the remote-work revolution. Over the previous decade, including before...