Frank Cohen, a nearly three-decade firm veteran, will cede leadership of Blackstone’s “Core+” real estate business to Wesley LePatner, the group’s global chief operating officer, according to Blackstone executives.

One of New York City’s largest commercial real estate owners had to write down the value of its portfolio by $600 million, reports Bisnow. The U.S. market saw the delivery of a record amount of new industrial space last year, according to...

As much of the world barrels back to post-Covid normalcy, Canada’s second-largest city is struggling to recover. Its office vacancy rate has soared to 16%, according to CBRE Group Inc., with only Calgary faring worse among the nation’s five...

Kushner Cos. says it is still interested in buying Veris Residential, who it accused of misleading the public, reports Bisnow. Nareit issued a rundown of REIT secondary debt and equity offerings. These are among today’s must reads from around the...

The Las Vegas Strip, home to giant casinos such as the MGM Grand and Bellagio, recorded a total win of $8.29 billion in 2022, an increase of 17 percent from the prior year, according to data released Tuesday by the Nevada Gaming Control Board.

Blackstone Real Estate Income Trust told investors Wednesday that it fulfilled repurchase requests for 2% of its net asset value. That accounted for about 25% of what investors wanted to pull out, according to a letter. January repurchase requests...

About $30 billion worth of CMBS loans tied to commercial properties in Los Angeles and Orange County, Calif. are coming due this year, reports The Real Deal. Commercial Observer looks at how the proptech sector partners with universities to solve...

There’s a gap of $55 billion between the amount owed by commercial property owners across Germany, France and the UK and the credit likely to be available for refinancing when the borrowings mature, according to research by AEW Europe SA.

Among other investments, the fund boosted stakes in three U.S. based real estate groups, including Alexandria Real Estate Equities, Inc., which acquires, manages, expands and develops office and laboratory properties, as well as Equity Residential...

An index of building occupancies in 10 major metro areas increased 0.9 percentage points to 50.4 percent in the week ended Jan. 25, according to security firm Kastle Systems. All of the cities tracked by the company—including San Francisco...