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.
Initial jobless claims, a proxy for layoffs, inched up by 18,000 to 206,000 for the week ended Dec. 11 from a revised 188,000—the lowest level in 52 years. New jobless claims have been steadily declining throughout the year.
Landlords filled up 17 million square feet of additional real-estate space in open-air shopping centers last quarter, up 49% from 2019. The surge is propelled by increased foot traffic to grocery stores, curbside pickup and population shifts that favor suburban shopping.
An index of lithium prices doubled between May and November and is up some 240% for the year. The index is at its highest level in data going back five years.
