Blackstone related stories
All articles and analysis
Changing tackFor years, Blackstone’s European real estate focus has been on backing operating companies rather than buying assets. Things are about to change, says Robin Marriott.
- John Buck buys Washington DC office from CBRE
The Chicago-based real estate investment firm has acquired 1501 M Street NW in the US capital for $60m – 10% less than what CBRE Investors originally paid for the property. The office was bought through the firm’s third opportunity fund.
- Merrill Lynch signals end of Asia real estate platform
As well as selling the management of its Asian Real Estate Opportunity Fund, the bank is also offering for sale the management of all the remaining assets in the region on its balance sheet.
- Carlyle and Korean pension fund buys Tokyo block for $362m
The Carlyle Group and South Korea's National Pension Service is jointly investing in an office in central Tokyo. The Japanese firm selling the property says it intends to work more closely with Carlyle in future.
- Ex-RREEF exec joins Blackstone in Asia
Philip Levinson has been hired by the New York-based private equity and real estate firm, which is considering opening additional Asian offices. Levinson joins following spells at RREEF and LaSalle Investment Management.
- Blackstone raises €3.1bn for Europe
The New York firm has sealed its status as the largest raiser of private equity for real estate by closing Blackstone Real Estate Partners Europe III.
- $300bn sat 'on sidelines' waiting to target distressed RE and PE
Hundreds of billions of dollars are sat on the sidelines waiting to invest in distressed corporate debt and real estate, according to funds lawyer Sandy Presant - but few investors will ‘jump’ now when opportunities could be better in six to 12 months time, a conference heard today.
- Proposed US Treasury rules would increase fund oversight
The US government's moves to gain greater regulatory control over large financial instutions would obligate some private equity firms to register with the SEC and supply data including the names of LPs and leverage levels on deals.
- UK REITs ‘reach agreement’ on takeover
Segro, an industrial property specialist, this morning said it had agreed terms for a takeover of Brixton, though a formal offer is yet to be made. Private equity real estate firms had been linked with a buyout of Brixton, but the announcement this morning makes consolidation of the two UK REITs more likely.
- Lightstone’s Extended Stay files for Chapter 11
The hotel group acquired by the New York-based private equity real estate firm in June 2007 for $7.4bn has filed for bankruptcy protection after it failed to restructure around $7.6bn of debt. There are no plans to close or sell the hotels.