High-performance computing, or HPC for short, might sound like something only scientists use in secret labs, but it’s actually one of the most important technologies in the world today. From predicting the weather to finding new medicines and even training artificial intelligence, high-performance computing systems help solve problems that are too hard or too big for regular computers.

Marc Rowan, CEO of Apollo Global Management: “I think we need to reset our trade policy. The U.S. is the second-freest trading market in the world financially, after Japan, and is the freest trading market in the world considering non-tariff barriers. Why is that written in stone? Why shouldn’t we be the 10th or the 20th? The policies that have been in place since the end of World War II are not fit for today. I think, quibble with the tactics, but the goal of resetting our trade policy doesn’t bother me in the slightest.”

Despite the recent surge in tariffs, Clarion Partners believes the long-term drivers that have shaped the U.S. industrial market over the past 15-plus years should continue to drive growth within the industry and past cyclical uncertainty. Learn more here ...

Small and midsize industrial properties — typically less than 300,000 square feet — have emerged as a resilient bright spot, maintaining low vacancy, continued demand and significantly less competition from new supply than larger buildings. These assets continue to benefit from long-term structural demand drivers such as ecommerce expansion, reshoring and growth in advanced manufacturing, while also ...

First, consider the history. It was 1932, during the depths of the nation’s Great Depression, that securities analysts William Duff and George Phelps identified the pressing need among institutional investors for high quality, objective research and analysis of the security offerings from utility companies. More than 90 years later, the firm and its sound reputation continue to endure by ...

Every time you use your phone, open your computer or listen to your favorite music on AirPods, you are relying on critical minerals. These materials are the tiny building blocks powering modern life. From lithium, cobalt, nickel and graphite in batteries to gallium in telecommunication systems that enable constant connectivity, critical minerals act as ...

For institutional real estate investors who are engaged in the business of maximizing returns on illiquid assets, any year can be a dicey one — that is, a 12-month stretch in which property values are squeezed and escape hatches shut — and 2025 is certainly no exception.

During the past several decades, commercial real estate has come into its own as a stand-alone alternative asset class. With nearly $400 billion of investment dollars committed but not yet deployed (“dry powder”), this industry is poised to continue its growth trajectory for many years to come. But unlike other industries, where back-office operations have matured commensurate with their expansion, real estate continues to struggle with the basics. It is a puzzling reality for an industry that was worth almost $23 trillion in 2023.

James Schloemer is CEO of Continental Properties Co. and chairman of the National Multifamily Housing Council, explains the causes and outlines the solutions.

When uncertainty rises, so too does the demand for safety, stability and income. That’s why in periods of market stress, like the one we’re in now, investors often turn to high-quality fixed income, especially municipal bonds. These time-tested instruments offer more than just a place to park capital. They can provide dependable income, diversification and, in the case of municipal bonds, powerful tax advantages.

Business growth and entrepreneurship continue to drive the economy. While the majority of businesses in the United States are small businesses (defined as those with fewer than 500 employees), and they represent nearly half of the country’s private-sector employees and are viewed as a significant engine of economic growth.

Nothing is more certain than death and taxes, Benjamin Franklin famously declared. And, since 1916, the federal government has imposed an estate tax on the transfer of property owned at death. But the Trump administration and Republican lawmakers may be on the verge of changing all that. GOP legislators are now considering a massive bill that includes major tax law changes and could pass by June or July 2025. Among the measures under consideration in both the House and Senate is ...

Between raising and lowering tariffs on imported goods, President Donald Trump made time recently to sign an executive order aimed at reviving America’s “beautiful clean coal industry.” The order outlines an ambitious strategy to reclassify coal as a critical mineral, reopen federal lands to mining, fast-track environmental reviews and provide federal support for coal-fired electricity and coal exports.

Fundraising in the infrastructure asset class seems to be finally on the upswing from years past. This was made undeniably clear when EQT closed its flagship infrastructure fund, EQT Infrastructure VI, at its hard cap of €21.5 billion ($24 billion) in total commitments in March. Exceeding its €20 billion ($23 billion) target, EQT Infrastructure VI is the ...

Tokenization has become one of those words that gets tossed around a lot in fintech circles, often next to terms such as “blockchain” and “Web3.” But beyond the buzz, something meaningful is happening. What we’re actually starting to see is a new digital framework for handling real-world value. This isn’t about futuristic coins or NFTs — it’s about turning everyday assets into something ...

If you have any misgivings about the adage “the rich get richer,” consider that those who track the super-rich have pegged 2027 as the year the world will see its first trillionaire. The person expected to eclipse that astounding milestone is Elon Musk. Musk has since been subject to some reputational damage and the diminution of his net worth while working with the Trump administration and his controversial involvement with the so-called Department of Government Efficiency. Nonetheless, he remains spectacularly wealthy. Tesla, the principal driver of Musk’s wealth ...

The surge of artificial intelligence (AI) is turning data centers into giant energy users. They are outpacing electric vehicles, hydrogen and other emerging sectors in power demand growth. By 2035, data centers are projected to account for 8.6 percent of all U.S. electricity demand, more than double their 3.5 percent share today.

In my past two columns, I wrote about some of the people who have made major contributions to the development of the Institutional Real Estate, Inc. platform (which includes this magazine) since our very beginning in 1987. These included Larry Hull of Larco Advisors, who founded what is now known as the Pacific Pension & Investment Institute; Paul Sack, one of the founders of RREEF, which continues today as part of DWS; Bob Burke, co-founder of ...