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Goldman Sachs office
News

Blackstone Group Was Chosen Over Goldman Sachs To Purchase Alecta’s 22 US Properties

Though Blackstone Group won the auction for Swedish pension manager Alecta’s ... arose prompting Alecta to instead sell the US properties to Blackstone, Bloomberg reports.  The 22 properties are predominantly retail and office ...

Aug 31, 2016
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Phipps Houses' could get about $700M for its Kips Bay Court.
News

Blackstone To Acquire Kips Bay Court For $620M

Jonathan Gray’s Blackstone Group is about to close the city’s largest multifamily ... Park in July. This is a return to form for Blackstone, which made the city’s two largest multifamily purchases last ...

Aug 18, 2016
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Blackstone President: Here's Our New $7.5B Real Estate Fund
News

Blackstone President: Here's Our New $7.5B Real Estate Fund

... -based firm raised $7.5B for its fourth European fund, Blackstone Real Estate Partners Europe IV, investing around two-thirds of ... raising a new real estate mezzanine-debt fund, he says. Blackstone plans to ramp up in southern Europe, despite an economic ...

Oct 16, 2015
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Blackstone Continues Selling Spree With 1065 Sixth Ave Marketing
News

Blackstone Seeks $700M For 1065 Sixth Ave

The Blackstone Group has begun shopping the 38-story, ... Built in 1957 and near 3 Bryant Park—which Blackstone sold to Ivanhoé Cambridge for $2.25B last ... to New York REIT for $180M.  Last month, Blackstone—headed by global head of real estate Jonathan Gray ...

Jul 28, 2016
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Blackstone CEO StephenSchwarzman
News

Blackstone Gains In Q2 Thanks To Unloaded Real Estate Assets

The world's largest private equity manager, Blackstone Group, had a 2% increase in profits this past quarter, ... the unloading of real estate assets and credit portfolio gains. Blackstone's economic income—which measures both the earnings realized and ...

Jul 21, 2016
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Wells Fargo Center in LA
News

Blackstone Sells West Coast Office Building For $311M

... near Brentwood (11601 Wilshire Blvd) from the Blackstone Group for $311M, or $621/SF. Blackstone bought the building for $163.8M a ...

Jun 09, 2016
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River North Point, Chicago
News

Blackstone Group Closes on $378M River North Point Sale

... purchase of River Point North was finalized late last month. Blackstone bought the 1.3M SF mixed-use building at 350 ... , the Illinois Institute of Art and MWH Global. It's Blackstone's second major downtown buy of the year behind its ...

Jul 16, 2015
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Blackstone Buys Flushing Mall for $400M
News

Blackstone Buys Flushing Mall for $400M

... one of the largest in Queens, and this transaction represents Blackstone's first venture into Flushing. Retailers include Nike, Restoration ... hard times, but it's attempting a comeback. The Blackstone acquisition, along with the success of the complex's three ...

Jun 23, 2015
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Blackstone CEO: Don’t Worry About Our Poor Q4 Numbers
News

Blackstone CEO: Don’t Worry About Our Poor Q4 Numbers

Blackstone’s profits plunged 72% during Q4, with ... is telling everyone to calm down. He says Blackstone made some hallmark deals in 2015 "that only ... the spending spree, either. Just yesterday, a Blackstone fund picked up the REIT BioMed for $8B. [PERE]

Jan 29, 2016
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Venture capital, investment, cash, money, cash in hands, dollars
News

Blackstone Warns Investors To Dial Back Expectations For Future Property Returns

... run of rising valuations for roughly eight years, but Blackstone Group said those returns are becoming difficult to sustain, ... of assets that have gained in value, Bloomberg reports. Blackstone’s real estate portfolio is worth roughly $102B following its ...

May 16, 2017
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