Real Estate

The firm is joining Tent, a nonprofit network of major corporations committed to supporting refugees, New York-based Blackstone said Tuesday in a statement. The alternative-asset manager said it has already hired 500 displaced people.

Amid housing sales slowdown, potential home sellers turn to becoming landlords, reports The Wall Street Journal. Real estate firms were among those most likely to have workers in the office in September in New York City, according to GlobeSt.com...

Recent U.S. acquisitions by Amancio Ortega’s Pontegadea are representative of a broader shift in family office investment preferences.

Groupama Immobilier sold the building, located 150 meters from the Arc de Triomphe, to a new fund, Cheval Paris. The price tops the previous record of 613 million euros paid for a building on the famous street.