A Blackstone Inc. loan on an office tower in the heart of Chicago’s financial center has gone into default, the latest sign of the persistent challenges landlords face after the city’s commercial real estate values tumbled in the wake of the pandemic.
A Blackstone Inc. loan on an office tower in the heart of Chicago’s financial center has gone into default, the latest sign of the persistent challenges landlords face after the city’s commercial real estate values tumbled in the wake of the pandemic.
Signage outside the Blackstone headquarters in New York, US, on Tuesday, March 24, 2026. The world’s largest alternative asset managers, which for years have fueled the private credit boom, are suddenly grappling with investors skittish about the industry’s lending practices and exposure to businesses vulnerable to artificial intelligence.
Anmelden
