Blackstone related stories
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Blackstone to buy 67% stake in US retail portfolioThe New York-based private equity and real estate giant will acquire the majority interest in 40 shopping centers from UBS Wealth Management for approximately $1.1 billion.
- Rockpoint JV sells two foreclosed-upon NYC hotels for $300m
The Boston-based real estate investment firm, along with its joint venture partners, has sold the Flatotel on 135 West 52nd Street and the Alex Hotel on 205 East 45th Street. The properties had been put in receivership after their original owner reportedly defaulted on the debt.
- Storm after the calm
In this month’s issue of PERE, we talk with the Asia team at The Blackstone Group just as they prepare to ramp up their investment activities in the region.
- Blackstone hires Europe logistics property chief
The New York firm has hired the former managing director for Europe at AMB Property Corporation to become president and chief executive officer of LogiCor, Blackstone’s 91-strong logistics platform assembled in the region.
- Meridian closes debut fund
The Bethesda, Maryland-based real estate investment and development firm has closed on $160 million in commitments to invest in value-added real estate in the Washington DC metropolitan area.
- Blackstone forms its biggest China RE partnership
The New York-based private equity real estate giant and Hong Kong-listed developer China Resources Land have kick-started their joint venture with a 6.45 million-square-foot mass housing development near Shanghai that could cost approximately $1.8 billion.
- Sovereign wealth funds vie for Blackstone office park
China Investment Corporation, National Pension Service of Korea and a Malaysian sovereign wealth fund have reportedly tabled offers to buy Chiswick Park, a large office park in West London, from The Blackstone Group.
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- Friday Letter Blackstone magic
It was once asked by a reporter of a former bank robber: ‘Why do you rob banks?’ The incredulous answer that came back his way was: ‘Because that’s where all the money is.’
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