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It's Official: Blackstone Buys Willis Tower, Plans Retail and Observatory Changes
News

It's Official: Blackstone Buys Willis Tower, Plans Retail and Observatory Changes

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 ...

Mar 16, 2015
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Blackstone Group Global Head Of Real Estate John Gray (at the dais)
News

A Rooftop Deck, Thrill Ride Skydeck And 300k SF Of Retail: Inside Blackstone's Willis Tower Upgrade Plans

... 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 ...

Feb 02, 2017
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Sage Hospitality Puts Blackstone Hotel for Sale
News

Sage Hospitality Puts Blackstone Hotel for Sale

... 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 ...

Sep 30, 2015
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New York Firm Buys Stake In Blackstone Hotel
News

New York Firm Buys Stake In Blackstone Hotel

... 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 & ...

Mar 24, 2016
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Willis Tower, Chicago
News

Morgan Stanley Finalizing 125K SF Lease At Willis Tower

... 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, ...

Jan 31, 2018
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Equity Office Lands First Major Tenant At Willis Tower
News

National Restaurant Association Moving Local Offices To Willis Tower

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. ...

Feb 23, 2017
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Sam Zell Remembered: Jon Gray, Stephen Ross Among CRE Leaders Reflecting On Death Of A Titan
News

Sam Zell Remembered: Jon Gray, Stephen Ross Among CRE Leaders Reflecting On Death Of A Titan

... 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 ...

May 18, 2023
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Willis Tower
News

This Week's Chicago Deal Sheet

... by making the assets in our portfolio more energy efficient,” Blackstone Real Estate Global Head of Asset Management Giovanni Cutaia said ... to work and visit, but also better for the planet.” Blackstone and EQ launched a more than $500M renovation, which ...

Jan 07, 2020
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Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom
News

Chicago Industrial Deliveries At Highest Level In Over 2 Decades, But Signs Of Trouble Loom

... of Chicago’s industrial apple. In late September, investment giant Blackstone purchased four industrial properties near O’Hare International Airport from ...

Oct 25, 2023
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United Airlines Decides To Stick With Willis Tower
News

United Airlines Decides To Stick With Willis Tower

... the next few months, complementing much of Blackstone’s recent work. United has 850K SF ... unspecified amount of tenant allowance from Blackstone to redo its office, a United spokesperson ... space by the end of the year. Blackstone bought Willis in 2015 for about $1. ...

Mar 14, 2019
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