Tag: New York Real estate

'Financial Giant Blackstone Group Spends $10B on New York Real Estate

Financial giant Blackstone Group went on a massive shopping spree in 2015, spending a whopping $9.6 billion on New York real estate. The total made the private equity corporation the city's most aggressive property investor last year.

'New York Real Estate: Manhattan Hotel Industry Suffers First Decline in 5 Years

The Manhattan hotel industry suffers first decline in 5 years. The said dip was caused by robust hotel development and investment in Manhattan; with more than 3,400 rooms added in the market last 2015 and a record hotel purchase of the $1.95 billion worth Waldorf Astoria by Anbang Insurance Group.
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