A court victory for President Joe Biden this week means that thousands of borrowers are joining the growing list of people whose student loans have been forgiven since he took office.
10 Must Reads for the CRE Industry Today (May 24, 2021) Ares Management has reached an agreement to acquire the Black Creek Group’s real estate business, reports GlobeSt. Women’s Wear Daily provides an overview of fashion retailers’ recent quarterly reports to assess the state of retail. These are among today’s must reads from around the commercial real estate industry.
Ares Management to Acquire Black Creek Group “A subsidiary of Ares Management Corp. has entered into a definitive agreement to acquire Black Creek Group’s US real estate investment advisory and distribution business. As of March 31, 2021, Black Creek had approximately $11.6 billion of assets under management in core and core-plus real estate strategies across two non-traded REITs and various institutional fund vehicles.” (
Last modified on Fri 21 May 2021 13.11 EDT
Billionaire Charles Koch’s foundation has bankrolled three conservative legal groups leading the court battle to eliminate prohibitions against tenant evictions during the Covid-19 pandemic in America.
At the same time, Koch’s corporate empire has suddenly stepped up its real estate purchases during the pandemic – including making large investments in real estate companies with a potential financial interest in eliminating eviction restrictions.
In the last few months, the Texas Public Policy Foundation, the Pacific Legal Foundation and the New Civil Rights Alliance havebeenpushing federal courts to strike down the Centers for Disease Control and Prevention (CDC) eviction moratorium, which is designed to protect millions of Americans from being thrown out of their homes during the pandemic. The groups have so far won two rulings.