REITs Romped in 2021 as Property Values Soared
Investors who bet on real estate investment trusts at the beginning of 2021 are reaching for top-shelf champagne these days as they prepare to celebrate the new year.
Category: Investment News
Blackstone Nears Deal Valuing Manhattan Office Tower at $2.85 Billion
Blackstone Nears Deal Valuing Manhattan Office Tower at $2.85 Billion
Blackstone Inc. is in advanced talks to acquire a 49% stake in a new Manhattan office tower in a deal that values the skyscraper at $2.85 billion, providing a shot of confidence for New York during tough times.
CBS Studio Selling for $1.8 Billion as Demand Soars for Show-Business Real Estate
CBS Studio Selling for $1.8 Billion as Demand Soars for Show-Business Real Estate
A venture of two real-estate firms has agreed to pay more than $1.8 billion for the historic CBS Studio Center in Los Angeles, the latest deal in the red-hot studio sector. The higher-than-expected price tag shows how demand for limited studio space is rising. New demand is being fueled in large part by Amazon.com Inc., Netflix Inc. and Apple Inc. competing to create new streaming content. Real-estate investors are getting in on the action by buying the sound stages, office space, and other real estate tied to show business.