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Blackstone Begins: The Formation Story Of The World's Largest Landlord
News

Blackstone Begins: The Formation Story Of The World's Largest Landlord

... asset manager. Founding And Early Years The world-famous Blackstone Group was founded in 1985 by Steve Schwarzman and ... early years. The Buyout Boom From those (humble?) beginnings Blackstone really started flexing its private equity muscles, buying out over ...

May 26, 2016
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Clover Creek Apartments, Lombard, Ill.
News

Blackstone Group Making Solid Return With Lombard Apartment Sale

... value-add assets like Clover Creek apartments in Lombard, which Blackstone Group sold to JRK Holdings for $67M, Crain's Chicago ... key was a spike in rents on 72 apartments that Blackstone rehabbed. After renovating these units, rents jumped $175/month, or ...

Jun 07, 2017
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The Ledge at Willis Tower Skydeck, Chicago
News

Blackstone's Willis Tower Renovations May Radically Tranform Skydeck

... safety harnesses, can walk around and take in the views. Blackstone plans to spend $20M renovating the Skydeck and observatory. ... director of development Paul Kurzawa told Bisnow last month that Blackstone was exploring as part of the tower's repositioning. ...

Mar 22, 2017
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2021 Spring Road in Oak Brook, IL, part of the Commerce Plaza office complex.
News

Blackstone, Zeller Are Making The Biggest Suburban Office Deal Of The Year

... on acquiring Commerce Plaza, a 515k SF office complex, from Blackstone Group for $125M. When completed, this will be the ... biggest suburban office deal of 2016 and the largest since Blackstone and Wells Fargo bought Deerfield's Corporate 500 Centre from ...

Aug 04, 2016
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warehouse
News

Blackstone Group To Acquire $1.8B Industrial Portfolio

The Blackstone Group will acquire a 22M SF industrial portfolio from private ... , FedEx, Coca-Cola, Fiat Chrysler and the U.S. government. Blackstone has been actively buying and selling industrial property as e ...

Dec 21, 2017
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Blackstone Real Estate Duo Racks Up $35B in Deals in 10 Months
News

Blackstone Real Estate Duo Racks Up $35B in Deals in 10 Months

... with Ivanhoé Cambridge. Once the deal closes in December, Blackstone will be among NYC’s largest residential landlords. Henritze, 35 ... , joined Blackstone in 2004 after working as an analyst at Merrill Lynch ...

Oct 28, 2015
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Suburban Homes
News

Blackstone, Starwood Waypoint Homes To Join Forces Creating A Rental Housing Goliath

... this story incorrectly stated Barry Sternlicht is the chairman of Blackstone. He is the chairman of Starwood. The story has been ...

Aug 10, 2017
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Former Film Exec To Oversee 110-Story Redevelopment
News

Blackstone Thinks Outside The Box On 110-Story Tower Redevelopment

... looking to Hollywood in its redevelopment of Willis Tower. Blackstone subsidiary Equity Office hired Paul Kurzawa, an executive with ... and is leaving no stone unturned in the building. Blackstone previously hired The Telos Group to handle office leasing at ...

Mar 08, 2016
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Blackstone Has Just Raised Another Record Fund. These Returns Explain How.
News

Blackstone Has Just Raised Another Record Fund. These Returns Explain How.

... of equity. The global funds it raises also continuously better Blackstone’s own personal bests — the last one, closed in ... complex, which explains it exactly. As a publicly traded company, Blackstone very handily publishes the returns of every fund it has ...

Jun 13, 2017
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Office building, office market, skyscraper, offices
News

Blackstone Regains Its Position As The World’s Largest Real Estate Manager

... become, yet again, the world’s largest real estate manager. Blackstone grew its real estate assets to $160B in 2016, marking ... capital as record investment levels have pushed up prices. Yet Blackstone global head of real estate Jonathan Gray said recent large ...

Jun 01, 2017
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