Blackstone related stories
All articles and analysis
MSREI to exit $1bn China hotel businessMorgan Stanley Real Estate Investing is marketing its majority stake in Shanghai Motel Management, a Chinese motels business. A sale of the 266-motel business could fetch a reported $1 billion for the Wall Street bank and its other investors.
- PERE Forum Asia: $140bn to be raised for RE in 2011, club structures to prevail
At the PERE Forum in Hong Kong today, delegates heard how $140bn would be raised for real estate globally in 2011 but that club structures would be regarded as the most capable of vehicles to compete on transactions. Conference polls showed how fund sizes would shrink and opportunistic returns would decrease also.
- Related Companies targets $750m for debut commingled fund
The New York development company is raising a distressed opportunity fund to target loans and assets across all real estate sectors in the US. The firm has closed on $250m of commitments to date.
- Blackstone lawsuit revived
A US federal appeals court has given the green light to an investor lawsuit claiming Blackstone whitewashed its portfolio before launching its listing on the NYSE.
- The return of the megafund
Blackstone's announcement that it would soon begin raising a $10bn+ global opportunity fund has the market wondering whether jumbo funds are back
- Global property deals up by 44%
The US and Brazil were leading a resurgence of transactions for the Americas with the region seeing a 166% increase in purchases and sales over the past year, compared to 11% increase in Europe and the Middle East and an 11% decline in trades in Asia Pacific.
- Tishman buys Hilton HQ from Blackstone
The two New York-based fund managers have agreed a deal that sees Tishman buy the two-building headquarters for $65m for its $1bn Fund VII. Tishman plans to spend around $23m on upgrades.
- Industrial revolution
The news that ProLogis and AMB will merge underlines the notion that real estate’s ugly duckling is looking more attractive. By Jonathan Brasse
- Apollo, Blackstone, Brookfield do battle in PERE Awards
With just under four days of voting left to go, industry executives are voting on the deal strategy of 2010: recaps or platform takeovers
- CIC poised to open second office outside of China
CIC is to open an office in Toronto according to a report by CNBC. The office is only the second to be opened by the $300 billion sovereign wealth fund outside of Greater China since its inception in 2007.