Blackstone's BXMT Secures $189 Million Financing for Outdoor Storage Facilities

Blackstone's BXMT Secures $189 Million Financing for Outdoor Storage Facilities
2 months ago

In a significant development within the real estate finance sector, Blackstone Mortgage Trust (BXMT) has announced a substantial loan amounting to $189 million aimed primarily at the acquisition and improvement of outdoor storage lots. This infusion of capital underscores the growing demand for outdoor storage spaces, as more individuals and businesses seek flexible storage solutions.

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Adam Neumann's Latest Venture Targets WeWork as a Competitor

Adam Neumann's Latest Venture Targets WeWork as a Competitor
7 months ago

Embattled WeWork co-founder and former CEO Adam Neumann is back in commercial real estate. His first run with WeWork proved highly contentious and ultimately forced him out of his position, but he's returning with a new venture pointedly focused on rivaling his old company. This new initiative could bring innovative coworking spaces that might provide vibrancy to the industry's landscape.

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