Bloomberg Markets and Finance published this video item, entitled “Blackstone’s $69 Billion Property Fund Signals Pain Ahead” – below is their description.
Pain is deepening across the US real estate industry.
Two of the biggest players Blackstone Inc. and Wells Fargo & Co. took steps this week to contend with weaker demand as the industry faces a rapidly cooling property market, rising interest rates and waning investor appetite. Fabio Savoldelli, Columbia Graduate School of Business adjunct professor, talks about the real estate sector on “Bloomberg Markets: The Close.”
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
Connect with us on…
Twitter: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness/
Instagram: https://www.instagram.com/quicktake/?hl=en
Bloomberg Markets and Finance YouTube Channel
Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.
