MGM Resorts International has a deal in place to sell the Bellagio to a real estate investment trust for $4.25 billion.
In a joint news release, MGM and real estate firm Blackstone today announced the deal, which will not alter MGM’s operation of the Strip casino and resort.
Read Full Article: https://lasvegassun.com/news/2019/oct/15/mgm-to-sell-bellagio-for-425-billion-lease-propert/
Don't look to New York City or Los Angeles for the best examples of multifamily opportunity zone investment.
Instead, opportunity zones in "unassuming" markets like Nevada, Oklahoma City and Kentucky have attracted a flurry of multifamily investment activity, according to real estate data site Reonomy's State of the Multifamily Market in Opportunity Zones report.
Read more at: https://www.bisnow.com/national/news/opportunity-zones/unassuming-tertiary-markets-lead-multifamily-opportunity-zone-charge-101176
Selling a business is complicated. You’ve put years of hard work into building up a company that is a significant part of your life. Maybe you also sunk a lot of cash into the business to help get it started and then again through all the rocky moments along the way.
Read Full Article: https://www.allbusiness.com/selling-your-business-preparation-122150-1.html
There continues to be very strong investor appetite for medical office buildings (MOBs), according to several industry sources.
Roughly $4.7 billion worth of medical office buildings traded in the first half of 2019, according to Mike Hargrave, principal at Revista, a medical research real estate firm.
Read Full Article: https://www.nreionline.com/medical-office/medical-office-buildings-remain-demand-among-investors
It is all very well to talk about a recession in the abstract, but what steps can a commercial real estate company take to prepare for the impact of a recession, which can include less demand for space or downward pressure on CRE valuations? We asked real estate pros around the U.S. what a company like theirs can do to prepare for a possible recession.
Read Full Article: It is all very well to talk about a recession in the abstract, but what steps can a commercial real estate company take to prepare for the impact of a recession, which can include less demand for space or downward pressure on CRE valuations? We asked real estate pros around the U.S. what a company like theirs can do to prepare for a possible recession.
Read more at: https://www.bisnow.com/national/news/economy/best-practices-preparing-for-a-recession-101182
Las Vegas has already posted strong apartment rent growth this economic cycle and gains continue to be robust, at around 5.8% year-over-year. The rapidly growing population is boosting demand for apartments, which in turn is driving rents higher.
Read Full Article: https://product.costar.com/home/news/shared/300527393
Blackstone to acquire Colony Capital e-commerce logistics assets for $5.9B
Blackstone Real Estate made its latest logistics play this week, announcing it is in "definitive talks" with Colony Capital for a $5.9 billion deal to acquire 60 million square feet of last-mile logistics assets in 26 U.S. markets concentrated in California, Florida, Georgia, northern New Jersey and Texas.
Read Full Article: https://www.supplychaindive.com/news/blackstone-acquires-colony-capital-e-commerce-logistics-assets/564043/