USA Property

Carlyle is gearing up to make more real estate moves after a record round of fundraising.The investment group raised $9 billion for a United States real estate fund, the company’s tenth in the category, Reuters reported. Despite the difficult fundraising environment, the haul represented a record for the firm, surpassing the $8 billion Carlyle raised for a predecessor fund in 2021.Rob Stuckey, who spearheads the U.S. real estate arm of the company, said the firm would “avoid structurally challenged areas” with the fund. That means saying “yes” to residential, industrial...

In a closed-door meeting last month, Tishman Speyer’s Rob Speyer had some questions for Zohran Mamdani.Speyer asked about Mamdani’s proposal to freeze rents for stabilized apartments, drilling down on the fact that such a move could discourage construction of rental buildings and plunge older housing stock into further distress. This was the Democratic mayoral nominee’s first attempt to make his pitch to business leaders. Mamdani spoke with members of the Partnership for New York City, a consortium of business executives that includes some of the biggest names in the real estate...