While some investors expect that inflation, which reached a 39-year high in November, has peaked, others are worried that Omicron could prolong supply-chain disruptions, adding further pressure to prices.
The Baird/STR Hotel Stock Index — comprising 20 of the largest hotel companies publicly traded on a U.S. stock exchange by market capitalization — was up 11.5% year to date as of Nov. 30. By comparison, the index finished 2020 down 13.2%.
The S&P 500 is headed toward a 28% advance for 2021 and has hit 70 highs. It is the third straight year of double-digit gains for the broad index, and the second in the midst of the Covid-19 pandemic. The Dow Jones Industrial Average and Nasdaq Composite have gained 19% and 22%, respectively, this year, helping send the major indexes to their best three-year performance since 1999.
Oak Hill has agreed to buy 110 North Wacker Drive from Howard Hughes Corp. in a deal that values the 1.5-million-square-foot skyscraper at more than $1 billion. That would be the highest price paid for a Chicago property building since the beginning of the pandemic.
The cash committed to venture-capital firms and private-equity firms, so-called dry powder hit about $440 billion for venture capitalists and roughly $310 billion for growth-focused PE firms earlier this month.
Since Feb 21., 2020, just before the pandemic tanked markets, self-storage shares in the FTSE Nareit All Equity REITs Index have returned about 84% between price gains and dividend payments.
There are 15.3 million 529 plan accounts with total assets of $464.3 billion, an average account value of $30,287.
Blackstone Inc. is in advanced talks to acquire a 49% stake in One Manhattan West that values the skyscraper at $2.85 billion from a venture led by Brookfield Asset Management.
