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BX Soho China
September 13, 2021
Featured

Shares in Chinese commercial-property developer Soho China Ltd. tumbled 35% Monday, after Blackstone Inc. abandoned a $3.3 billion takeover in the face of an unexpectedly long regulatory review.

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Crypto Lending
September 10, 2021
Economy

The business is growing rapidly. One group of crypto lenders has $25 billion in loans outstanding to individual and institutional clients, up from $1.4 billion a year ago.

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Scheduled Flights
September 9, 2021
Economy

Between Aug. 3 and Aug. 26, airlines dropped approximately 77,000 domestic flights in the United States as the Covid-19 Delta variant flared.

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Closed Hotels
September 8, 2021
Featured

In April 2020, 814,000 rooms — or 15% of the U.S. hotel room inventory — closed. That figure has dropped to around 2% in June 2021, just over 100,000 rooms.

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Office Occupancy
September 7, 2021
Featured

Offices in 10 major U.S. cities were just 33.1% occupied in the week ending Aug. 25. That figure is a slight increase over the prior week but down from a 34.8% peak in late July.

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Rents
September 3, 2021
Featured

Asking rents for houses rose nearly 13% for the year to date through July, the highest annual increase in the past five years. The sharp rise partly reflects increasing demand from people who can’t afford to buy homes, and the slow supply of new houses as construction trails historical levels relative to population growth.

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SPAC Rout
September 2, 2021
Economy

A group of 137 SPACs that closed mergers by mid-February have lost 25% of their combined value. At one point last month, the pullback topped $100 billion.

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BX QTS
September 1, 2021
Featured

Blackstone completed their previously announced acquisition of QTS Realty Trust, a leading provider of data center solutions across a diverse footprint spanning more than 7 million square feet of owned mega scale data center space within North America and Europe, for approximately $10 billion.

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Hotel REITs FFO
August 31, 2021
Featured

In the second quarter, hotel REITs’ cumulative funds from operations turned positive for the first time since early last year.

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Direct Listings
August 30, 2021
Economy

Direct listings have an average rise of 64.4% from their opening trading prices while the S&P 500 had a 26.8% return and the Renaissance IPO index rose 31.1%.

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