Blackstone Launches 75M SF Pan-European Logistics Business
Blackstone has placed around 500 properties totalling 75.3M SF into its new pan-European logistics operator and developer business, Proxity.
Blackstone has placed around 500 properties totalling 75.3M SF into its new pan-European logistics operator and developer business, Proxity.
Blackstone offloads another industrial property in Opa Locka.
Even when stabilized, the value of the Willis Tower is expected to be below Blackstone's loan balance.
Katie Keenan was appointed CEO at BREIT after Wesley LePatner was killed in a shooting at Blackstone's headquarters in July.
Blackstone also has a pipeline of potential data center developments of $160B.
First Internet Bancorp is selling the loan portfolio to funds associated with Blackstone Real Estate Debt Strategies, the investment firm's credit platform.
The biggest leases, sales and financing deals this week in New York City.
Starting Monday, Aug. 11, Blackstone will return to its regular schedule, according to an internal memo.
The private equity giant got a roughly 7% discount after Atlantic Union marked the assets down to current market values before the sale.
Uber expands its office space in its downtown Miami office.
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