Anna Spiewak
Blackstone Real Estate Fund Raises $13B
The Blackstone Real Estate Partners VII fund has closed after raising $13 billion in 13 months from more than 250 global investors.
EXPO REAL Special Report: John Jacob Astor Award Winner Announced
On the second day of the EXPO REAL , a commercial real estate conference in Germany, the winner of the prestigious John Jacob Astor Award was unveiled.
Economy Watch Weekly: Middling Employment Numbers, as Expected, But More Good Housing and Construction Numbers
CPE’s economic analyst, Dees Stribling, gives his update for the week ending Oct. 5.
EXPO REAL Special Report: Despite Financial Crisis, 31 Countries Attend CRE Fair in Germany
Myriad exhibitors attended the Expo Real 2012 International Trade Fair for Commercial Property and Investment, held at Messe München International in Munich. CPE international correspondent Gabriel Circiog reports on the happenings of Day 1 during the three-day expo currently taking place.
Economy Watch: IMF Scales Back World Growth Predictions; ESM Comes Alive; BLS Responds to Welch Tweet
In its most recent prediction, the International Monetary Fund said it expects the economy to grow at a slower pace than initially expected. The European Stability Mechanism has formally become active. The Bureau of Labor Statistics mocks business tycoon Jack Welch for saying the drop in unemployment to 7.8 percent was rigged.
Conlon to Retire as Inland Real Estate Investment’s CEO at Year’s End
After several years in the industry, Brian Conlon steps down as CEO of Inland Real Estate Investment come Dec. 31.
Economy Watch: Employment Gains Ground in September; Consumer Credit Surges
The number of people employed has increased by the largest monthly number in 30 years. Consumer credit also grew in the month of August.
Breaking News: Cassidy Turley Promotes Stettinius to CEO
Cassidy Turley’s board of directors unanimously voted to nominate Joseph Stettinius as the new CEO, following the stepping down of Mark Burkhart, after 20 years at the post.
SL Green JV Recapitalizes 4.5 MSF West Coast Office Properties
East Coast office giant SL Green Realty formed a joint venture to recapitalize a 31-property office portfolio in Southern California.
Economy Watch: Employment Edges Up; Retail Vacancies Drop; FOMC Talks QE3
Employment has increased in a few industries. The U.S. vacancy rate for regional malls has dipped. And the FOMC released its minutes, focusing most of its discussion on QE3.