The real estate market is taking a hit in the midst of the health and economic crisis that is affecting everyone, but the outlook is optimistic

Blackstone has finished raising a 9.8 billion-euro ($10.7 billion) fund that will target European real estate.

The fund swells the firm’s uninvested capital for opportunistic property bets to about $30 billion just as the coronavirus roils markets worldwide. It’s also the largest private equity capital raising to complete since the pandemic’s outbreak, according to data compiled by Bloomberg.

Administration officials told the paper they hope the $2 trillion package would yield up to $4 trillion in economic benefits.

Israel’s largest hospital has inked a lease as the first anchor tenant to occupy a medical innovation center at the planned massive development site of the former Michael Reese Hospital in Bronzeville.

Prime Property Fund, a company affiliated with the New York-based financial services firm, paid more than $21.5 million for the nearly 220,000-square-foot distribution center at 6855 West 65th Street in Bedford Park, public documents show.

Cincinnati-based Fifth Third Bank is already doubling down that this will happen. The bank announced it plans to invest $100 million into real estate projects…

Goldman Investments bought Regency Terrace Condominiums for $8.8M and Redpoint Capital Management picked up Clarence Court for $3.6M…

“Housing has been improving at a modest pace for years, and it’s expected to do the same,” Strauss said at a separate forecast hosted by the suburban ….

Cushman & Wakefield report on the Chicago Multifamily Market. Topics covered include the Chicago Workforce & Labor Pipeline, Demographics, Economy, Major Projects…

With higher inventory and median sale price slips over the past year, the market is finally shifting to buyers’ favor.