Blackstone might place regional bank debt with its insurance company clients.
The offices are 70% leased in an area that is popular with tech companies.
The firm also reached $1T in assets under management.
Blackstone is betting billions on AI-driven data center demand, even as its flagship real estate fund sells off other assets to help pay investor withdrawals.
Blackstone's 2023 fourth quarter real estate performance is an improvement compared to the same period in 2022.
The campus would span 266K SF and is due to be complete by 2025.
A majority stake in an 11-building portfolio previously owned by the investment giant has sold, after being chased by distress speculation for several months.
Blackstone has ramped up its residential investments in the UK by buying a portfolio of homes from housebuilder Vistry.
Blackstone has taken a significant step into the UK's BTR sector in a tie-up with housebuilder Vistry Group.
The joint venture paid $1.2B for a 20% equity stake in a portfolio of loans to office, retail and multifamily buildings.
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