Stocks skidded Friday, with the Dow falling more than 900 points. An April tech rout pushed the Nasdaq down 13% for the month, its worst since 2008.

U.S. equity fund allocations to real estate, a guide for sentiment among professional money managers, have fallen to 2.4%, from 3.1% before the pandemic. Meanwhile, inflows into listed real-estate funds, a better proxy for attitudes among retail investors, are increasing.

Miami investment fund, CGI Merchant Group is paying $375 million to buy Trumps’ Washington Hotel lease and will begin the process of rebranding the property as a Waldorf Astoria.

Warehouse rental rates increased 15.2% annually across the U.S. in Q1 of 2022.

Federal Reserve Chairman Jerome Powell signaled the central bank was likely to raise interest rates by a half percentage point at its meeting next month and indicated similar rate rises could be warranted after that to lower inflation.

Blackstone’s assets under management rose to $915.5 billion, up from $880.9 billion in the prior quarter and $648.8 billion a year earlier. The firm raised nearly $50 billion during the quarter, pushing it closer to its goal of reaching $1 trillion in assets by 2026.

Host Hotels & Resorts has sold the 1,780-room Sheraton New York Times Square Hotel for $373 million.

Blackstone Inc. agreed to buy student-housing owner American Campus Communities Inc. in a deal valuing the company at about $12.8 billion, including debt, a bet that rents will continue to rise as more college students return to campus.

Home Owner Associations are blocking companies from buying single-family homes, rewriting homeownership rulebooks to thwart investor purchases of suburban housing as rental properties.

Interest on the average 30-year fixed-rate mortgage climbed from 4.72% a week ago to over 5%, its highest level since early 2011. Fifteen months ago, mortgage rates were at all-time lows.