Blackstone president still sees opportunity in US real estate

The U.S. real estate market may have slowed down, but Blackstone Group president Tony James still sees plenty of opportunities for profit. “Real estate is a gargantuan market,” he said during the company’s quarterly earnings media call Thursday. “There are always undermanaged assets.” Blackstone has been investing heavily in logistics real estate, hoping to capitalize[…]

Billionaire Anand Mahindra to launch Manhattan real estate venture

Anand Mahindra, the billionaire head of Indian conglomerate Mahindra Group, has teamed up with Rotem Rosen and a former Deutsche Bank executive to launch a real estate company focused on Manhattan properties. Called MRR Holdings, the firm plans to invest in office, residential and hotel properties in Manhattan, targeting undervalued assets and holding over the[…]