BlackRock keeps its foot on the private-markets pedal with another acquisition

BlackRock’s new acquisition pushes the asset manager one step deeper into private markets. The news The asset management giant on Monday announced an agreement to buy ElmTree Funds, a real estate investment firm that manages roughly $7.3 billion in assets. ElmTree, which leases commercial properties to single-tenant renters, will be integrated into BlackRock’s new group…

Read More

Climate threat to U.S. infrastructure is accelerating

U.S. infrastructure is barely getting a passing grade, and one of the fastest growing problems is climate change. Airports are flooding, bridges are melting from extreme heat, and telecommunications are getting slammed by increasingly extreme weather. In 2023, at Fort Lauderdale/Hollywood International Airport, historic rainfall turned runways into rivers, shutting down operations and stranding passengers….

Read More

NYC’s most expensive home lists for $110 million

Since launching the quadplex earlier this month, listing agent Nikki Field with Sotheby’s said interest has been encouraging: “Several highly qualified individuals have already inquired and toured the residence. There’s real momentum.” Rendering provided by Sotheby’s International Realty As the Dow Jones Industrial Average plunged and tariff headlines rippled through global markets, a different number…

Read More