This morning Bloomberg reports that Wall Street's largest commercial real-estate landlord, private-equity giant Blackstone, has defaulted on a $562 million bond.
This morning Bloomberg reports that Wall Street's largest commercial real-estate landlord, private-equity giant Blackstone, has defaulted on a $562 million bond.
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Blackstone Defaults On $562MM CMBS As It Keeps Blocking Investor Withdrawals From $71BN REIT - Activist Post
Now that soaring rates have burst the commercial real estate bubble, the carnage is coming fast and furious.
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