... city will have to prepare for a tower facelift too—Blackstone is looking to spend about $150M to upgrade its retail ... office building, it’s not the priciest Windy City transaction: Blackstone paid $342/SF for Willis Tower, which pales in comparison ...
Blackstone has acquired Chicago's Willis Tower for $1.3B from ... into the city and look for first-class office space,” Blackstone managing director Jacob Werner said in a statement today. “We ...
... .03B – about $270M less than the $1.3B balance on Blackstone's loan for the property. The valuation also represents a ... our continued belief in the strength of Willis Tower,” a Blackstone representative told Bisnow in an emailed statement. “We believe the ...
... the latest hotel for sale in Chicago: the historic Blackstone Hotel. Owner Sage Hospitality has retained Eastdil Secured to entertain ... fetch up to $165M, or $497k per room. The Blackstone joins the Palmer House Hilton, Hotel Lincoln, Thompson Chicago Hotel ...
... it "a half-billion-dollar commitment to Chicago." Blackstone is receiving no tax breaks or contributions from the ... and explore for office tenants, local visitors and tourists. Blackstone will reconfigure 460k SF within the building. Approximately 150k SF ...
... It's unknown what stake Sage still holds in the Blackstone, according to Crain's. Analysts believe the hotel could ... Marriott Marquis hotel is complete. Another possible obstacle for the Blackstone to overcome: Marriott's bid to acquire Starwood Hotels & ...
... our continued belief in the strength of Willis Tower,” a Blackstone spokesperson told Bloomberg in a statement. “The building’s ... that would result in an extension of the loan.” Blackstone Group refinanced its debt on Willis Tower in March 2018 ...
... reports. This would be the largest lease at Willis since Blackstone Group and Equity Office announced a $500M capital improvement ... momentum once the renovations move to the upper floors. Blackstone Group is at work on retail improvements at Willis, ...
Blackstone Group and Equity Office's Feb. 1 ... and Tone, a 30k SF tenant fitness center. Blackstone's renovations to Willis Tower are the first in the ... building's 43-year history. Blackstone is also refinancing the tower with a $1B loan. ...
... in 2007, still the largest real estate deal in history. Blackstone President Jon Gray is one of several commercial real estate ... single buyer who bought any part of the portfolio from Blackstone ended up losing, because they had basically crossed the line ...
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