Blackstone Reveals $30bn Fund Focus in Real Estate
Marc Perlof • April 28, 2023
Blackstone, the world's largest real estate private equity firm, to focus new $30bn fund on logistics, life sciences, multifamily and industrial real estate. Plans to expand presence in Asia and invest in sustainability.
#Blackstone
#RealEstate
#Investment
Council wants Downtown entertainment zone to be ‘bigger, broader better’ City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.
The Unintended Consequences of Measure ULA We present evidence suggesting that Measure ULA has reduced higher-end real estate transactions in Los Angeles. Since Measure ULA was enacted, the odds of a Los Angeles property selling at a price above its tax threshold have fallen by as much as 50%. In raw terms, this sharp decline occurred across all types of properties, but our strongest evidence suggests it was particularly pronounced for non-single family transactions, which fell by 30-50%.
Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores.
