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Top related persons:
Blackstone - 2 Nadeem Meghji - 2 Meghji - 2 — - 1 Glenn Schorr - 1 Schorr - 1 outflows - 1 Stephen Tuckwood - 1
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U.S California BREIT QTS Americas CBRE Manassas , Virginia Prince William
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Blackstone - 2 Income Trust - 1 QTS Realty Trust - 1 Evercore - 1 Wealth Management - 1 Autonomous Research - 1 Blackstone Infrastructure Partners - 1 McKinsey - 1

Search resuls for: "Meghji"


9 mentions found


☆ Blackstone's data center gamble
  + stars: | 2023-08-28 | by ( Daniel Geiger | Rebecca Ungarino | ) www.businessinsider.com   time to read: +12 min
The firm has recently touted its data center investments amid the artificial intelligence boom. Blackstone's push into data centers comes with its own set of challenges and questions. "You might not own apartment buildings in 10 years, but the largest data center company in the world." Meghji said in the company's video that interest from data center users in QTS data centers had doubled "since ChatGPT came out." Gerber said he had recently discussed data center investments with Blackstone representatives and has confidence in the strategy.
Persons: Blackstone, —, Glenn Schorr, Schorr, outflows, Stephen Tuckwood, Tuckwood, Jonathan Gray, Gray, Jeenah, Chad Williams, BREIT, they're, Patrick Davitt, QTS, Nadeem Meghji, Meghji, ChatGPT, Matthew Barakat, Prince William County, redemptions, Selwyn Gerber, Gerber, Matt Malone Organizations: Blackstone, Income Trust, QTS Realty Trust, Evercore, Wealth Management, Reuters, Autonomous Research, Blackstone Infrastructure Partners, McKinsey, AP, Starwood, MSCI's, Los, RVW, Opto Investments, FS Investments Locations: California, BREIT, QTS, Americas, CBRE, Manassas , Virginia, Prince William, Virginia, Brookfield, Los Angeles, Bellagio, Las Vegas
☆ Blackstone's Nadeem Meghji: Can't paint CRE space with a broad brush due to big bifurcation
  + stars: | 2023-06-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBlackstone's Nadeem Meghji: Can't paint CRE space with a broad brush due to big bifurcationNadeem Meghji, Blackstone's head of real estate for the Americas, joins 'Squawk on the Street' to discuss the current commercial real estate space, whether in-office challenges have made them reconsider their exposure, and more.
Persons: Blackstone's Nadeem Meghji, Meghji
☆ Prologis to buy industrial properties from Blackstone for $3.1 billion
  + stars: | 2023-06-26 | by ( ) www.reuters.com   time to read: +1 min
June 26 (Reuters) - Prologis Inc (PLD.N) said on Monday it has agreed to buy 14 million square feet of industrial properties from real estate funds affiliated with Blackstone (BX.N) for $3.1 billion in an all-cash deal. It currently owns 1.2 billion square feet of logistics real estate in 19 countries. With near record-low vacancy, logistics remains a high conviction theme for us," Nadeem Meghji, head of Blackstone Real Estate Americas, said. Prologis and Blackstone have completed more than a dozen transactions together in the past 11 years, according to the statement. Eastdil Secured, Barclays, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, Goldman Sachs, J.P.Morgan Securities, Morgan Stanley, PJT Partners and Wells Fargo acted as financial advisers to Blackstone.
Persons: Nadeem Meghji, Prologis, Blackstone, Eastdil, Goldman Sachs, Morgan Stanley, Wells Fargo, Kannaki, Shilpi Majumdar Organizations: Prologis, Blackstone, Estate, Duke Realty Corp, Barclays, BofA Securities, Citigroup Global Markets, Deutsche Bank Securities, J.P.Morgan Securities, PJT Partners, Thomson Locations: Atlanta , Washington DC , California, Dallas, Las Vegas , New York, Phoenix, South Florida, U.S, Bengaluru
☆ High interest rates and economic uncertainty are behind recent rise in corporate defaults
  + stars: | 2023-06-24 | by ( Lillian Rizzo | ) www.cnbc.com   time to read: +2 min
Federal Reserve Board Chairman Jerome Powell departs after speaking during a news conference following the Federal Open Market Committee meeting, at the Federal Reserve in Washington, DC, on June 14, 2023. The Federal Reserve plans to keep hiking interest rates to stem inflation, which means an increase in corporate default rates is likely in coming months. Earlier this week, Fed Chairman Jerome Powell said to expect more interest rate increases this year, albeit at a slower rate, until more progress is made on lowering inflation. Bankers and analysts say high interest rates are the biggest culprit of distress. While the most troubled companies have been affected recently, he expects companies with more financial stability to have issues refinancing due to high interest rates.
Persons: Jerome Powell, Mohsin Meghji Organizations: Federal Reserve, Moody's Investors, Bankers, Partners, P Global Market Intelligence Locations: Washington ,, U.S, Canada
☆ Facebook-Giphy sale shows how fear of regulators is slowing M&A market
  + stars: | 2023-05-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com   time to read: +2 min
Instagram chief Adam Mosseri touted Giphy's "amazing team" and "expressive" userbase, and stressed Giphy's user data was "not the motivation." The sale was forced by the U.K.'s antitrust regulator, which ruled Meta's acquisition posed a risk to the social media and advertising markets. Jonathan Kanter, who helms the Department of Justice's Antitrust Unit, and Lina Khan, the Federal Trade Commission's chair, have been given wide latitude by President Joe Biden to pursue potentially anticompetitive behavior. Prior to his DOJ posting, Kanter worked in private practice, advising directors and executives on potential deals and attendant regulatory pitfalls. Van Grack, the former chief of the DOJ's Foreign Agent Registration Act unit, noted regulatory scrutiny was increasing for years prior to the current administration.
☆ Remote work is 'bullshit,' says real-estate billionaire Sam Zell, to cheers from fellow execs who profit from offices
  + stars: | 2023-04-23 | by ( Alex Nicoll | ) www.businessinsider.com   time to read: +4 min
Sam Zell said at a conference last week that remote work is "a bunch of bullshit." Office doomers abound, but real estate professionals t hink they just don't get it. Sam Zell, the notorious "Grave Dancer" of commercial real estate known for his salty tongue, is always happy to have a platform. He was in a cheeky mood, at least when the conversation turned to today's third-rail of commercial real estate: office properties abandoned by remote workers. The trend and dire outlook had real estate giant Brookfield defaulting on a loan tied to offices this month for the second time this year.
☆ Crypto is banned in China, but Binance employees and support volunteers tell people how to bypass the ban
  + stars: | 2023-03-23 | by ( Rohan Goswami | ) www.cnbc.com   time to read: +18 min
The messages CNBC reviewed come from accounts identified as Binance employees or Binance-trained volunteers known as "Angels." Whatever the method, Binance's Chinese users take on a significant risk: In China, crypto exchanges have been outlawed since 2017, while crypto itself was outlawed in 2021. But Chinese customers have continued to seek ways to trade on Binance, which include using instructions provided by employees and volunteers. "'Binance does not offer a 'Binance Chinese Android app," a spokesperson said. In addition, hours after Binance responded to CNBC, messages apeared on Twitter suggesting that some customers' Binance debit cards had been frozen.
☆ Blackstone is stepping up evictions of hundreds of tenants across the US as a top exec vows 'cash-flow growth'
  + stars: | 2023-02-01 | by ( Robert Davis | ) www.businessinsider.com   time to read: +5 min
It's back to business as usual: An exec said he had confidence in the firm's "cash-flow growth." About one-fifth of those holdings are tied up in an investment vehicle known as the Blackstone Real Estate Investment Trust, or BREIT. Blackstone's real-estate portfolio is outperforming competitorsThe news of Blackstone's increasing eviction efforts came days after the company announced its fourth-quarter earnings. For example, what Blackstone calls its "opportunistic" real-estate portfolio appreciated by more than 7% during 2022 in one of the most challenging markets in recent memory. The firm's core real-estate portfolio gained more than 10% in value during 2022.
☆ Blackstone's real-estate strategy, laid out in a leaked transcript, sets the stage for tenant battles over evictions and rising rents
  + stars: | 2023-01-19 | by ( Rebecca Ungarino | Alex Nicoll | ) www.businessinsider.com   time to read: +9 min
The major real-estate investor Blackstone is playing defense as tenants scrutinize its policies. This week, tenants addressed Blackstone and an investor, UC Investments, to raise concerns. A transcript of an executive's remarks, obtained by Insider, sheds light on Blackstone's strategy. It is Blackstone, the New York-based investment giant that has become the world's largest real-estate investor. Vik Sawhney, Blackstone's chief administrative officer and global head of institutional client solutions, introduced Meghji, according to the transcript.
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