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Private Credit
October 4, 2024
Economy

Rapid growth over the past decade has fueled the private credit industry’s rise into a $1.7 trillion market.

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Office Refinancing
October 3, 2024
Featured

Only 30% of the office loans worth more than $100 million that matured this year were paid back on time, with the rest either getting extensions or defaulting. By comparison, 70% of loans worth less than $10 million were paid back on time—a sign that lenders are much more comfortable issuing smaller mortgages for now.

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Home Insurance Premiums
October 2, 2024
Featured

Home insurance premiums for mortgage loans of more than $1.5 million jumped 130% between mid-2020 and mid-2024. For mortgages of between $400,000 and $800,000, home insurance premiums increased 12% over the same period.

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Government Aid
September 30, 2024
Economy

By 2022, 53%—more than half of all U.S counties—drew at least a quarter of their income from government aid.

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$200 Room Rates
September 27, 2024
Featured

In 2019, 13% of reporting hotels in the top 25 U.S. markets charged an average daily rate of at least $200, in 2024, that figure is just over 20%.

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Money Market Income
September 26, 2024
Economy

Income generated from money markets surged to more than $27 billion in August, a record on an inflation-adjusted basis going back to 1990.

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Food Wage Inflation
September 25, 2024
Economy

The gap between food-price and wage inflation between the end of 2019 and the second quarter of this year was roughly four percentage points.

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BX Motel 6
September 24, 2024
Featured

Blackstone has agreed to sell the economy hotel chain Motel 6 and sister brand Studio 6 to India’s Oyo in an all-cash transaction valued at $525 million. The private equity giant acquired Motel 6 in 2012 from Accor for $1.9 billion. Blackstone exits its 12-year hold of Motel 6 having more than tripled its investors’ capital and generating over $1 billion in profit through executing an asset-light campaign, selling off owned assets and focusing on franchising.

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CRE Foreclosures
September 23, 2024
Featured

The value of commercial real-estate loans in foreclosure nearly tripled between January and August this year to reach $19.2 billion.

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