Tag Archives: Smart Money

Blackstone real estate chief says LA is a tough market

“It’s become harder, because the pricing has moved up,” said Gray, the global head of real estate for private equity firm Blackstone Group. “L.A. is probably the toughest market.” As chief of one of the world’s largest real estate investment … Continue reading

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Real Estate Update: There’s Smart Money, And There’s Really Smart Money

Even the biggest and best-advised investors make mistakes, and then there are some that seem to beat everyone all the time. In a busted land deal in Arizona, the enormous California Public Employee Retirement System (CalPERS) lost a bundle for … Continue reading

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