Billionaire Dan Och’s hedge fund firm is targeting $2 billion for its fourth fund focused on opportunistic property investments as soon as the end of the year, according to people familiar with the matter.
The Chicago-based real estate investment trust is looking to sell 800 Sixth Ave., a high-rise tower in Chelsea, and 505 W. 54th St. in Hell’s Kitchen, according to a person with knowledge of the offering.
The real estate sector is awaiting the true impact from Hurricane Florence, according to Seeking Alpha. Wells Fargo’s CFO said he expects commercial real estate and commercial and industrial loans to drop from second-quarter levels, the Wall...
In June, New York-based Blackstone raised $7.1 billion for an opportunistic real estate fund focused on Asia, and Carlyle Group LP this month also raised its largest U.S. real estate fund.
Montage, which launched in 2002 with a resort in Laguna Beach, California, currently operates eight hotels and generated $400 million in revenue last year.
Hurricane Florence could cause as much as $60 billion in damage, CNBC reports. A Forbes contributor details lessons learned from his firm’s worst real estate deal. These are among today’s top must reads from around the commercial real estate...
Chief Executive Officer Jon Bortz said he remained bullish on the West coast and that the additional asset sales would probably increase Pebblebrook’s concentration in the market, meaning the sales would come from other regions.
The median rent, with the value of those concessions subtracted, fell 2 percent to $3,310, according to a new report. It was the third straight month with a decline.
A new study found that members of Generation Z are more interested in buying homes than millennials, the New York Post reports. The New York Times discusses the Carolinas’ development boom, in spite of their history of bearing the brunt of major...
