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5 Bryant Park in Midtown Manhattan
News

Blackstone Selling 5 Bryant Park For $640M

... tower 5 Bryant Park for $640M. Blackstone signed the contract to sell the building ... be approximately $980 per SF. When Blackstone originally marketed the property, it was seeking ... offers at $700M. Blackstone bought the 665K SF, 34-story building ...

Mar 05, 2018
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Real Estate Assets Lead Blackstone’s Q2 Sales
News

Blackstone Profits Rise In Q2 2017 But Miss Expectations

... infrastructure. While President Donald Trump, who tapped Blackstone CEO Stephen Schwarzman to head his economic advisory council ... and proposing how to grow public-private partnerships. Blackstone President Tony James assured investors Thursday the company’ ...

Jul 20, 2017
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Industrials under pressure due to increased e-commerce
News

Blackstone Raises £1.7B For Lower-Risk Property Fund And Is Going Big On Logistics Again

... .The U.S. investment giant held a first close for Blackstone Property Partners Europe in the fourth quarter, according to the ... fund will buy lower-risk and lower-return assets than Blackstone’s flagship opportunity funds. The purchases the vehicle has made ...

Feb 12, 2018
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Kevan Gorrie CEO PIRET deal Blackstone
News

Blackstone To Purchase PIRET For $3.8B

... acquire high-quality logistics assets in key urban markets,” Blackstone Real Estate head of North American Acquisitions Tyler Henritze said ... years,” PIRET President and CEO Kevan Gorrie said.  “Blackstone is a highly reputable and strategic owner and one of ...

Jan 09, 2018
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Blackstone's EQ Office Sells Stake In Historic San Francisco Ferry Building
News

Blackstone's EQ Office Sells Stake In Historic San Francisco Ferry Building

Blackstone Group's EQ Office, formerly Equity Office, sold the stake ... the building, with 49 years remaining on the ground lease. Blackstone announced in 2017 that it planned to sell the remaining ...

Oct 08, 2018
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Office building, offices, office market, Orange County Downtown
News

Blackstone, Walker & Dunlop Form Bridge Lending Joint Venture

... the JV’s equity capital, and Blackstone Mortgage will contribute 85%. "We’ve known Blackstone for quite some time, they obviously ... opportunity to scale that to more than $1B, Walker said. Blackstone Mortgage Trust CEO Steve Plavin said this JV will boost ...

Apr 25, 2017
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Blackstone Group Has Secured The Most CMBS Single-Borrower Financing This Year
News

Blackstone Leads CMBS Market, Secures The Most Single-Borrower Loans In 2017

... deals that are in the works. The first deal involves Blackstone’s purchase of six office properties in Burbank, California, ... SF and are worth $1.7B combined. The second involves Blackstone's acquisition of the International Market Centers in North Carolina ...

Oct 09, 2017
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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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