Business, Logistics

Blackstone Extending Warehouse Bet in $5.9 Billion Deal

Blackstone Group Inc. has acquired more than 1 billion square feet of logistics space since 2010 as part of the firm’s global bet that the rise of e-commerce is driving demand for final-mile real estate.

Patrick Clark | Bloomberg News
September 30, 2019
Business, Technology, Autonomous

Driverless Cars Will Open the Door to a Building Spree

Even as reclaimed parking spaces fuel a downtown building boom, autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report, sponsored by a unit of Capital One Financial Corp.

Patrick Clark | Bloomberg News
October 17, 2017