PacWest Bancorp struck a deal to sell a portfolio of $2.6 billion in construction loans to Kennedy-Wilson Holdings, reported Reuters. Equity Commonwealth named a successor to Sam Zell. These are among today’s must reads for real estate investors.
Like it did with non-traded REITs, Blackstone forged a path by launching a large business development company. Other sponsors are following suit.
We collected some of the best obituaries and tributes to real estate industry icon Sam Zell, who passed away at age 81 at his home. Sandeep Mathrani’s abrupt departure as CEO of WeWork came as a surprise to observers, reports Bisnow. These are...
But the higher cost of capital and sellers holding on to 2022 prices is preventing some potential transactions from going through.
Today, more than ever, we must understand the macro global environment and its potential impacts on the local economy and real estate investment.