Blackstone Thinks Outside The Box On 110-Story Tower Redevelopment

The Blackstone Group is looking to Hollywood in its redevelopment of Willis Tower. Blackstone subsidiary Equity Office hired Paul Kurzawa, an executive with Dreamworks Animation, to oversee the firm's plans for Chicago's tallest building.

It looks like a left-field choice at first glance, but Kurzawa headed Dreamworks' global retail brand development and integration. His resume includes stops at Westfield Group, JLL, Lend Lease and Caruso Affiliated, according to Crain's.

Kurzawa will have his work cut out for him. Blackstone Group says it will take years to add improvements throughout Willis Tower, which it paid a record $1.3B for last year, and is leaving no stone unturned in the building. Blackstone previously hired The Telos Group to handle office leasing at Willis. [Crain's]

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

TPG, ACORE Raise Billions For Opportunistic CRE Funds

Newmark Cuts Earnings Outlook Despite Record Third Quarter

Battered Mortgage REIT Suspends Dividend To Preserve Cash

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Morningstar Releases New Details On Over 350K SF In Q3 Office Leases

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Blackstone Mortgage Trust Reports Unexpected Q3 Net Loss

'Distress Is Finally Trading': Investors Chasing Big Discounts On Boston Office

New Bears Stadium Proposal Floated For Bridgeport

Tyko Capital Sets New Record For Florida's Largest Construction Loan

Office Recovery Moving Faster Than Expected, CoStar Finds

How Microsoft, Coca-Cola And Amazon Are Adapting Their Offices For AI Age