S&P Downgrades Blackstone, Claros Mortgage Trusts As Troubled Loans Pile Up
The S&P also revised its outlook to negative on KKR while keeping its previous rating in place.
The S&P also revised its outlook to negative on KKR while keeping its previous rating in place.
Retailers have emerged from a series of crises with more confidence in their stores but changing requirements, according to speakers at World Retail Congress.
Both halves of Signature's portfolio are expected to sell for deep discounts.
Muddy Waters says CRE crises are going to put the squeeze on the REIT.
The transaction includes nine facilities across several submarkets.
GPIF's $1B investment with Brookfield and Blackstone follows its first mandate with LaSalle.
Blackstone looks to capitalize on investors who want liquidity from their real estate funds.
Blackstone first tested interest in selling G6 Hospitality in 2021 when it was reportedly valued at more than $1B.
Blackstone is investing £10B ($13B) in a new data centre campus, which could produce income of £2B a year.
The outcome of the sales could shed some light on how commercial property values have shifted in places like New York City.
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