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A rendering of Blackstone Group's planned renovations for Willis Tower, viewed from the corner of Jackson Boulevard and Wacker Drive
News

Blackstone Group Refinances Willis Tower Debt, As Redevelopment Costs Climb

... . A venture of Deutsche Bank and Barclays agreed to lend Blackstone $1.325B against Chicago's tallest building, according to Cook ... loan replaces a $1.02B refinancing package from February 2017. Blackstone used the new loan to pay off the original refinancing ...

Apr 03, 2018
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O'Hare International Center, Rosemont, Illinois
News

Blackstone Group Extending Its Suburban Office Selling Spree

... two-building office complex near O'Hare International Airport. Blackstone placed O'Hare International Center in Rosemont on the market ... a $75M asking price, Crain's Chicago Business reports. Blackstone acquired the property as part of a $1B portfolio ...

May 10, 2018
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A rendering of Blackstone Group's planned renovations for Willis Tower, viewed from the corner of Jackson Boulevard and Wacker Drive
News

Blackstone Group Secures Permit To Start Willis Tower Retail Improvements

... the Chicago Department of Buildings issued a construction permit for Blackstone and Equity to begin building a new retail annex in ... permit, this phase of construction is estimated at $50M. Blackstone Group's Willis renovations include 300K SF of new retail ...

Aug 08, 2017
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Industrial Space
News

Blackstone REIT Acquires Canyon Industrial Portfolio In $1.8B Deal

... well positioned to benefit from continued tailwinds in these sectors," Blackstone REIT President and head of U.S. Core+ Real Estate ...

Mar 13, 2018
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Suburban Chicago Industrial Real Estate
News

Blackstone Group's Industrial Shopping Spree Continues With Chicago-Area Portfolio

Blackstone Group spent much of 2017 acquiring industrial portfolios across the ... Morgan Chase Fund paid $127M for the properties in 2006. Blackstone's latest deal is on the heels of a blockbuster ...

Feb 14, 2018
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Blackstone Flipping Strategic Hotels & Resorts In $6.5B Deal
News

Blackstone Flipping Strategic Hotels & Resorts In $6.5B Deal

Blackstone Group, which bought Strategic Hotels & Resorts last September in a $ ... is plunking down $6.5B for the luxury hotel firm. Blackstone hadn't planned to hold on to Strategic for long ...

Mar 14, 2016
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Lightning striking Willis Tower, Chicago
News

Blackstone Group Picks Up Huge Tax Bill with Willis Tower Buy

Blackstone Group paid $11.4M in state and local real estate ... Willis Tower. That amount could have been even larger if Blackstone hadn't claimed $250M in revenue from "personal property." Willis ...

Jun 23, 2015
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Blackstone Group Grabs River North Point In $390M Deal
News

Blackstone Group Grabs River North Point In $390M Deal

Blackstone Group is adding to its Chicago real estate portfolio. The ... N Orleans to potential buyers, Crain's Chicago Business reports. Blackstone’s $1.3B purchase of Willis Tower is also nearing ...

May 27, 2015
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Clover Creek Apartments, Lombard, Ill.
News

Blackstone Group Making Solid Return With Lombard Apartment Sale

... value-add assets like Clover Creek apartments in Lombard, which Blackstone Group sold to JRK Holdings for $67M, Crain's Chicago ... key was a spike in rents on 72 apartments that Blackstone rehabbed. After renovating these units, rents jumped $175/month, or ...

Jun 07, 2017
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The Ledge at Willis Tower Skydeck, Chicago
News

Blackstone's Willis Tower Renovations May Radically Tranform Skydeck

... safety harnesses, can walk around and take in the views. Blackstone plans to spend $20M renovating the Skydeck and observatory. ... director of development Paul Kurzawa told Bisnow last month that Blackstone was exploring as part of the tower's repositioning. ...

Mar 22, 2017
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