BlackRock Secondary

March 31, 2021

BlackRock Inc. has raised $3 billion to invest in the private-equity secondary market. BlackRock Secondaries & Liquidity Solutions LP is among the largest debut funds ever raised to buy secondhand private equity stakes.

Office Sublease

March 30, 2021

At the end of 2020, 137 million square feet of office space was available for sublease across the U.S., according to CBRE Group Inc. That is up 40% from a year earlier and the highest figure since 2003.

Labor Participation

March 29, 2021

Women’s participation in the labor force slipped to 57%, the lowest it has been since 1988. More than 2.3 million women have dropped out of the labor force during the pandemic, compared with 1.8 million men.

Realtors

March 26, 2021

There are 1.45 million members of the National Assosication of Realtors. Meanwhile, there are only 1.04 million homes for sale.

Colony Pivot

March 25, 2021

Digital Bridge, merged with Colony Capital in 2019, at which time 80% of Colony’s assets were in traditional real estate. Since then, 60% of the merged company’s assets have become data centers, cell towers and fiber networks.

Hotel Completions

March 24, 2021

According to pipeline data as at December 2019, there were 3,867 hotels and 603,037 rooms set to open in 2020. Of these, 322,561 rooms were completed, equating to a 53% completion rate. This is a substantial drop compared to 2019 when completed hotel projects totaled 77% of the pipeline.

Airport Retail

March 23, 2021

Hudson Group, which runs the eponymous convenience shops in U.S. airports and temporarily closed more than 700 of its more than 1,000 stores during the pandemic, has reopened 635 of them.

Cruise Industry

March 22, 2021

While not cruising, Carnival Corp. told investors that it expected to burn through an average of $600 million in cash a month just to keep vessels maintained, sustain corporate operations and invest in preparations to return to sea.

Declined Rent Assistance

March 19, 2021

The federal eviction moratorium doesn’t guarantee renters the right to renew their leases. When leases expire, that is when many landlords weigh the government’s offered rent assistance payments against the chance to remove a tenant the owner no longer wants in the building.

Google Offices

March 18, 2021

Alphabet Inc. said it would spend $7 billion this year expanding its footprint of offices and data centers across the U.S., including pouring $1 billion into its home state of California.