Investors Leave London for Property Yields: Real Estate

For most property investors, the U.K. is a country with one city. Private-equity firms, pension funds and millionaires from Russia to Qatar spent more on real estate in London than the rest of the country for the first time last year, lifting values there while prices elsewhere sank.

Hotel Deals Forecast to Rise in ’13 on Debt Availability

Hotel deal volume probably will rise to $32 billion globally this year as sovereign-wealth investors, mutual funds and insurance companies provide the most debt for transactions since 2007, Jones Lang LaSalle Hotels said.

Blackstone First-Quarter Profit Falls on Performance Fees

Blackstone Group LP (BX), the world’s largest private-equity firm, said first-quarter profit fell 24 percent as slower gains in the value of its holdings hurt performance fees.