Blackstone agreed to acquire the Apartment Income REIT at a 25% premium to its share price.
The decades-old system for how US agents are compensated has long been controversial.
Deep discounts on commercial property deals are forcing lenders to brace for souring loans.
KKR Real Estate Finance Trust slashed its dividend to help it deal with souring loans.
Rent stabilization provides a foothold for the working class and costs landlords millions.
Lenders face the prospect of more defaults as landlords struggle to pay loans or walk away from buildings.
The broker commission system is under attack from multiple directions.
A jury awarded $1.785 billion in damages after finding the real estate industry colluded to inflate commissions.
The Starwood Capital Group chairman scooped up distressed assets in the aftermath of the US savings and loan collapse.
Big money spent a fortune snapping up homes. Now, regular folk are outsmarting the pros.
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