United States
Blackstone’s $315B Real Estate Machine Pivots Hard to Data Centers as Traditional Portfolio Treads Water
The world’s largest alternative asset manager is betting its real estate franchise on AI infrastructure while waiting for logistics and multifamily to rebound...
California’s Tech Boom Masks a Shrinking Job Market, Beacon Economics Warns
The Information sector now drives more than 12 percent of state GDP, but hyper-productive Tech companies are generating wealth without generating employment—leaving California...
California’s Data Centers Should be Models of Affordable, Clean Electricity
By Sam Uden and Matthew Freedman, Special for CalMatters This commentary was originally published by CalMatters. Sign up for their newsletters. California’s sky-high electricity rates risk...
Younger Firms and Younger CEOs Are Driving the Future of Remote Work, New Study Finds
A national survey of U.S. workers reveals that firm age — not just industry or occupation — is among the strongest predictors of...
After 106 Years, Eddie Bauer’s Retail Exit Signals End of an Era for Mall-Based Outdoor Apparel
The Seattle outdoor brand’s third bankruptcy in two decades exposes the fragility of mid-tier retail as Catalyst Brands shutters 200 stores while pivoting...
Amazon Pulls the Plug on Fresh and Go Stores in Strategic Retreat from Grocery Ambitions
The e-commerce giant is shuttering all 72 experimental retail locations as it refocuses on Whole Foods and delivery Amazon.com Inc.’s bold experiment in...
Anduril Bets $1 Billion on California Despite Tech Exodus, Plans Massive Long Beach Defense Campus
Defense tech firm commits to 5,500-job campus in historic aerospace hub, citing talent over lower-cost alternatives Defense technology firm Anduril Industries is making...
Immigration Slowdown Hits West Coast Economy Hard as Net Migration Turns Negative
Brookings analysis finds first negative migration in 50 years threatens labor force growth and consumer spending across key Western states The United States...
California’s Jobs Crisis Deepens: Nation’s Highest Unemployment Rate Signals Persistent Weakness
Analysis: At 5.5 percent, California ranks dead last among states as manufacturing losses and federal shutdown complications mask true extent of labor market...
LA Developer Alon Abady Donates $103MM Office Tower at 9911 West Pico to Chabad After $35MM Bet Pays Off
Century City property purchased at market bottom transforms into North America’s largest Jewish community center A struggling office tower on Los Angeles’ Westside...
Ashkenazy Purchases Neiman Marcus Site in Beverly Hills for $50MM, Adding 350,000 SQFT to Golden Triangle Portfolio
Real estate investor secures acquisition of Neiman Marcus property with $39 million financing, expanding Golden Triangle portfolio to 350,000 square feet Real estate...
Hankey Investment & Barker Pacific Acquire 326,000 SQFT Sunset Media Center in Hollywood for $61MM as Kilroy Continues Asset Sales
Joint venture partners pay roughly $187 per square foot for 325,995-square-foot Sunset Media Center at 51 percent occupancy Joint venture partners Hankey Investment...
