Economic Concerns & Tax Policy - Raising taxes on the wealthiest New Yorkers, who already pay roughly 15% of their income between city and state taxes, could drive them away [1] - The focus should be on delivering services to constituents by raising the most revenue possible without chasing businesses and high-income taxpayers out of the city [1] - Affordability is a key issue, with many working families being chased out of New York City due to the high cost of housing, groceries, and child care [2] - Raising taxes is not necessarily the answer to affordability issues, as billionaires may leave and spend their money elsewhere [3] Business & Job Creation - Companies like Goldman Sachs are creating new jobs in Dallas, and Blackstone is not building a new headquarters in New York [4] - Making the city more onerous for businesses could lead to a smaller tax revenue pie [9] Housing Market & Affordability - Many people are struggling to pay for housing and groceries [5] - Child care costs of $25,000 per year are a national issue [5] - Increasing housing supply is seen as a way to give young people an opportunity to have their own place [20] - The United States Senate unanimously passed a housing bill to increase housing supply [14][15] - Deregulating everything, including rent stabilization and rent control, could bring down prices in New York [19] - First-time home buyers are now 38 years old, compared to 28 years old in the 1980s and 1990s [20]

Blackstone sold more than £1.5 billion ($2 billion) in bonds backed by UK holiday parks operated by Haven, the largest ever pound-denominated commercial mortgage security since the 2008 financial crisis https://t.co/Uj7Usi7qwZ ...

Blackstone is reopening its New York headquarters on Monday after keeping the office shuttered in the wake of a shooting spree that killed four people, including one of its senior executives https://t.co/rUX3bmOXFj ...

According to The New York Times, OpenAI has completed a new $8.3 billion funding round, with a valuation of $300 billion. Investors in this round include Blackstone, TPG, T. Rowe Price, Sequoia Capital, and a16z, among others. These institutions will help facilitate the application of ChatGPT in traditional industries such as healthcare, finance, and manufacturing. https://t.co/fUBYLi0C5R ...

Core Insights - Blackstone reported second quarter 2025 results with GAAP and distributable earnings of $1.6 billion each, marking a 25% year-over-year increase in distributable earnings and net inflows of $52 billion, bringing assets under management (AUM) to a record $1.2 trillion [1][2] Group 1: Earnings and AUM Growth - Fee-related earnings surged 31% year-over-year, driven by strong demand in private credit, private wealth, and infrastructure, indicating a multiyear outlook for structural earnings growth [2] - Private credit AUM reached $484 billion, tripling over the past five years, with platform revenue quadrupling in the same period [3] - Insurance client assets increased by 20% year-over-year to over $250 billion, with new partnership commitments targeting an additional $20 billion over the next five years [3] Group 2: Private Wealth and Retail Channels - Private wealth AUM reached $280 billion, with inflows in the wealth channel increasing 30% year-over-year to $10 billion in the second quarter [5] - Blackstone's new flagship perpetual private equity product, BXP, amassed $12.5 billion NAV in six quarters, while BREIT raised $1.1 billion, with annualized net returns for these vehicles ranging from 9% to 17% since inception [6][7] - The dominance in private wealth and retirement channels provides Blackstone with a diversified capital base, reducing fundraising risk and enabling product innovation [7] Group 3: Market Conditions and Future Outlook - The US equity market has returned to record highs, with deal flows, particularly sponsor M&A and IPOs, beginning to rebound, and Blackstone's forward IPO pipeline at its highest since 2021 [9][10] - Real estate AUM eligible for performance fees stands at over $200 billion, with 60% above hurdles, indicating significant future monetization visibility [9] - Management expects base management fee growth rates in the second half of 2025 to match the double-digit pace of the first half, with realizations forecasted to accelerate later this year and into 2026 [11]

Blackstone canceled an earnings call for a mortgage trust after one of its top real estate executives was killed in Monday’s shooting in New York City. https://t.co/HBmF10ZX4Z ...

Here's how the shooting at 345 Park Avenue unfolded at Blackstone https://t.co/Exf3w0FUPW ...

Here's how the shooting at 345 Park Avenue unfolded at Blackstone https://t.co/5LROku07SG ...

Tonight, police say chilling new evidence may point to why this man, Shane Deon Tamura, armed himself with an AR-15 style rifle and opened fire in a skyscraper that's home to NFL headquarters. >> Access shooter. We're getting multiple calls from 345 Park Avenue.>> Four people were shot dead. That rifle later recovered, smeared with blood. A three-page suicide note found in Tomorrow's wallet and reviewed by NBC News contains several references to CTE, a degenerative brain disease that's been linked to contac ...

The lone gunman who killed four people in a Midtown Manhattan office left a suicide note targeting the National Football League. In the note, police say 27-year-old Shane Tamora of Las Vegas accused the NFL of concealing the dangers of the sport on players brains. He alluded to having CTE um from playing in the NFL. uh he never played in the NFL and he alluded to the CTE uh being the reason for his illness.Uh it appears as though uh he was going after the uh employees at the NFL, the building 345 house, the ...