Blackstone related stories
All articles and analysis
EOP: Blackstone still in poll positionSam Zell’s US real estate group has voted to accept Blackstone’s bid of $54 per share, despite Vornado Realty Trust’s last ditch offer of $56 per share.
- Vornado enters Equity Office fray
US real estate trust Vornado has reportedly joined the consortium mulling a counter-bid for Equity Office.
- Blackstone looks to listing
The Blackstone Group is reportedly close to filing for an initial public offering of the firm just weeks after Steven Schwarzman dismissed the public markets as a source of capital for buyout fundraising.
- Blackstone acquires Tussauds Group for £1bn
Fresh from its $39bn take-private of US Reit, Equity Office Properties, Blackstone becomes the world’s second largest operator of tourist attractions and theme parks with its acquisition of the famous Tussauds waxwork museum group.
- Blackstone finds room for $26bn buyout of Hilton
Already the owner of 100,000 hotel rooms globally, the buyout firm is adding another 480,000 to its portfolio through the acquisition of legendary hotel group Hilton.
- Cerberus to sell 20,000-strong German residential portfolio
The sale is being taken as the latest sign that buyers of large-scale residential portfolios in Germany are failing in a strategy to sell homes for a profit or to increase rents.
- Goldman Sachs and Madrone check in to Hyatt
Goldman Sachs Capital Partners and Madrone Capital Partners have paid $1bn to take a minority stake in hotel group Global Hyatt Corporation, as its family owners prepare to split the business up.
- Private equity real estate funds raise $60 billion in 2006
According to proprietary data from Private Equity Real Estate magazine, last year’s record fundraising looks set to continue in 2007.
- The 2006 Global PERE Awards: The votes are in!
For the first time, PERE commemorates the people, firms and deals that shaped the past year in the global private equity real estate industry. And what a year it was.
- Blackstone sells $2bn CarrAmerica office portfolio
The private equity real estate firm has sold 106 buildings that it purchased last year as part of its privatization of CarrAmerica. Arden Realty was the buyer.