Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
A new rule in Texas will require elected officials to formally disclose their properties. KVUE reports the new rule from the Texas Ethics Commissions will require the lawmakers’ annual persona finance statements to identify properties and how they are used – either as...
Three major central banks have announced rate cuts for their respective economies. The European Central Bank (ECB) announced it was cutting rates by a quarter percentage point today, lowering its benchmark from 3.25% to 3%. “The disinflation process is well on track,”...
The median nationwide asking rent fell 0.7% year-over-year to $1,595 last month, according to data from Redfin (NASDAQ: RDFN). On a month-over-month measurement, rents were down by 1.1%. The median rent is now 6.2% lower than when it hit an all-time high of $1,700 in...
The majority of Americans ages 50 and older want to remain in their current homes as they age, but nearly half expect to relocate due to rising housing costs, according to AARP’s 2024 Home and Community Preferences Survey. The new survey polled 3,090 adults from...
Hits and Misses for the Real Estate Week of June 15-19
