Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

Blackstone’s $69 bln REIT curbs redemptions in blow to property empire

NEW YORK, Dec 1 (Reuters) – Blackstone Inc (BX.N) limited withdrawals from its $69 billion unlisted real estate income trust (REIT) on Thursday after a surge in redemption requests, an unprecedented blow to a franchise that helped it turn into an asset management behemoth. The curbs came because redemptions hit pre-set limits, rather than Blackstone … Read more

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Buffett’s Berkshire discloses $4.1 bln TSMC stake

Nov 14 (Reuters) – Berkshire Hathaway Inc (BRKa.N) said it bought more than $4.1 billion of stock in Taiwan Semiconductor Manufacturing (2330.TW), , a rare significant foray into the technology sector by billionaire Warren Buffett’s conglomerate. The news sent shares in TSMC up more than 6% in Taiwan on Tuesday, as it boosted investor sentiment … Read more

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

Barrack says he hoped Trump ties would appeal to UAE; denies being agent

NEW YORK, Oct 27 (Reuters) – Tom Barrack, a onetime fundraiser for Donald Trump, acknowledged under cross-examination on Thursday that he hoped his ties to the then-president would encourage a United Arab Emirates official to invest with his company, but said he did not agree to exchange political access for a business relationship. Federal prosecutors … Read more

London’s Battersea Power Station reborn as office and shopping hub

London’s Battersea Power Station reborn as office and shopping hub

LONDON, Oct 4 (Reuters) – London’s Battersea Power Station reopens next week as a glitzy hub of offices, flats, restaurants and shops after decades of failed attempts to reinvigorate one of the capital’s most iconic buildings, often described as the “Everest of real estate”. The 1930s power station once supplied a fifth of London’s electricity, … Read more

Trump may be called to testify at ally’s foreign agent trial, judge says

Trump may be called to testify at ally’s foreign agent trial, judge says

Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 19 (Reuters) – Former President Donald Trump may be called as a witness at the criminal trial of Thomas Barrack, a private equity investor and former Trump fundraiser charged with acting as an unregistered agent for the United Arab Emirates, a U.S. judge … Read more

3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Aug 26 (Reuters) – 3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after … Read more

Canada’s largest landlords have saved billions through tax exemptions, according to a new analysis. Is Ottawa about to end the party?

Canada’s largest landlords have saved billions through tax exemptions, according to a new analysis. Is Ottawa about to end the party?

After a bruising start to the COVID-19 pandemic, CAPREIT bounced back in 2021. The real estate company grew its revenue by 5.7 per cent, to $993.1 million, and extracted an average of $1,149 in rental income from tenants in each of its roughly 70,000 apartment units. By July, its stock price was back to where … Read more