The Blackstone Group
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Cabot Properties Picks Up $16M Philly-Area Warehouse
The roughly 174,000-square-foot warehouse is currently fully occupied by a single tenant and includes an urban infill site. The location allows for immediate access to three interstates.
FRP Sells $347M Multi-State Industrial Portfolio
The 3.6 million-square-foot group of assets, located across three Mid-Atlantic states, includes 40 warehouse and warehouse/office properties, as well as three land parcels.
Blackstone to Acquire LaSalle Hotel Properties for $4.8B
The deal, expected to close in the third quarter, includes 41 properties totaling more than 10,000 guest rooms in 11 markets.
Hilton Divestment Vindicates Blackstone’s Patience
Analysts outline how the company followed up on the unification of Hilton’s domestic and international sides, and why the investor’s moves have paid off so well.
Blackstone’s International Market Centers to Buy AmericasMart
The merger, expected to close in the third quarter, will yield a company with 20 million square feet of permanent showroom accommodations.
Blackstone Sells Iconic London Office for $335M
The 286,600-square-foot Cannon Bridge House property, consisting of two linked buildings atop a rail station, has changed owners after a successful renovation and repositioning.
Blackstone to Buy Gramercy Property Trust for $7.6B
The transaction will add more than 80 million square feet of high-quality industrial properties to the private equity giant’s holdings.
San Francisco Office Asset Trades for $115M
RREEF Property Trust sold the 383,000-square-foot DC Station in Daly City. The LEED Silver-certified property is anchored by Genesys, a leader in omnichannel customer experience and contact center solutions.
Blackstone Snaps Up Industrial Portfolio for $359M
FRP Holdings Inc. has agreed to sell 41 properties and two adjacent parcels in the Mid-Atlantic region to an affiliate of Blackstone Real Estate Partners VIII LP.