Reported about 5 hours ago
Despite a significant downturn in the U.S. office sector, Blackstone Inc. is poised to continue investing in office spaces, signaling a potential market rebound. President Jon Gray and his team are preparing to acquire more properties, including a 50-story building in Midtown Manhattan, while simultaneously addressing over $1 billion in troubled office loans. Although the company's commercial mortgage trust, BXMT, is facing challenges, including a recent net loss, executives remain optimistic about the recovery of real estate values and are actively managing their portfolios with selective office investments.
Source: YAHOO