Blackstone related stories
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Coles Myer rejects LBO overturesThe board of the Australian retailer has rejected the $12bn offer from a consortium of private equity firms including KKR, Blackstone and Bain Capital.
- Private equity real estate funds near record $55bn in 2006
According to Private Equity Real Estate, the supersized war chest points to the continued influence of private equity firms on real estate around the world.
- Fortress Investment to go public
The alternative investment giant, with a nearly $14bn private equity program, has filed to list on the NYSE in a $750m IPO that aims to sell the public a 10 percent share of the firm.
- Blackstone to raise additional equity for EOP takeover
Though details remain sketchy, the private equity firm will need to secure additional capital in order to fund the $3.2 billion equity check for Equity Office.
- Starwood Capital acquires legendary dot-com office building in Silicon Valley
The Greenwich, Connecticut-based private equity real estate firm has paid a reported $825 million for the Pacific Shores Center, a $500-million development that saw half of its buildings go vacant in the wake of the dot-com collapse.
- Blackstone JV ties up $9b Trizec buyout
Through its partnership with New York-based Brookfield Properties, the private equity giant has taken one of North America’s largest office landlords private and intends to expand its CarrAmerica platform on the West Coast.
- Blackstone forms senior housing JV
The private equity giant has joined with Seattle-based senior-living operator Emeritus Corporation to acquire a 25-asset, assisted-living portfolio for $190m.
- Report: Morgan Stanley targets $8bn RE fund
If the investment bank hits its target it would surpass the current high-water mark, the $5.3 billion fund raised by The Blackstone Group this summer.
- JER to take hotel chain private
The Virginia-based firm has agreed to buy limited-service operator Jameson Inns for $371m, gaining a bigger foothold in the hotel sector in the Southeast and Midwest.
- Morgan Stanley buys office REIT for $1.9bn
In the latest acquisition of a large office REIT, the real estate investment arm of the New York-based financial services giant has acquired Glenborough Realty Trust.