Real Estate

Blackstone Gates REIT Amid Redemption Pressure

Blackstone has limited withdrawals from its $125 billion real estate investment fund following a surge in redemption requests, as investors clamor to get their hands on cash and concerns grow about the long-term health of the commercial property market.

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Wells Fargo Sees 90% Decline in Mortgage Originations

Mortgage volumes at Wells Fargo slowed further in recent weeks, leaving some workers idle and sparking concerns the lender will need to cut more employees as the U.S. housing slump deepens.

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Home Prices Are Crashing

Homebuilder sentiment in September fell 3 points to 46 in the National Association of Home Builders/Wells Fargo Housing Market Index. Anything below 50 is considered negative.

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Adam Neumann is Back

Adam Neumann, the founder of WeWork, is back. His and WeWork’s spectacular rise and fall has been chronicled in books, documentaries and a scripted television series.

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Wells Fargo Scaling Back Mortgage Business

Wells Fargo plans to shrink its vast mortgage empire, which once churned out one of every three home loans in the US and for a time made the bank the most valuable in the nation.

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Housing Market Cooling Amid Rising Mortgage Rates

Homebuilder sentiment fell to a seven-month low as rising mortgage rates and high asking prices led to declining sales and prospective buyer traffic

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Not Your Parents Housing Market

Despite the pandemic, Americans have set the housing market ablaze. Armed with a high savings surplus people are buying homes at a breakneck pace. Demand is so hot that almost half of U.S. homes are selling within a week of hitting the market, a record pace, according to Redfin. Annual price growth reached 17% in March, the highest in data going back to 2012

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The Fall of the Mall

11.02.20 - Two owners of a combined 130 or so malls across the US have filed for bankruptcy, further demonstrating that the pandemic and changing consumer shopping habits continue to pose a challenge for the retail industry

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Amazon Coming to a Mall Near You

08.10.20 - Amazon may replace closed box stores at struggling malls. The company has been in talks with Simon Property Group, the largest mall owner in the United States, to turn former JC Penney and Sears stores into distribution centers to deliver packages, according to the Wall Street Journal. Both large retail chains have filed for bankruptcy and are closing hundreds of stores nationwide

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