The Blackstone Group
Blackstone to Become a Corporation
The world’s biggest landlord, with $136 billion of real estate assets under management, will switch its status from a publicly traded partnership to a corporation, opening its stock to more investors.
Clarion Acquires Logistics Player Gramercy Europe
The $50 billion New York-based real estate investment manager has augmented its $16 billion, 700-property logistics portfolio by buying a majority stake in the European platform.
Taurus Sells Travesia Corporate Park for $41M
The mixed-use office park consists of three buildings of 46,200, 62,250 and 68,171 square feet, including 10,000 square feet of laboratory space.
Blackstone Sells Downtown Philadelphia Hotel
A new owner has emerged for the 757-key property, which will regain the Sheraton brand following a $28 million renovation as part of a new franchise agreement with Marriott International.
Invesco Real Estate Buys $129M FL Industrial Portfolio
The deal includes approximately 1.9 million square feet of warehouse space spread across three buildings in Jacksonville’s Westside and Northside submarkets.
United Airlines Renews Lease at Chicago’s Willis Tower
The new agreement extends the carrier’s existing lease until 2033. United will invest millions to upgrade its 850,000-square-foot headquarters at the famed property.
FD Stonewater Buys Nashville Office Asset
The Class B building traded for $17 million. The fully leased property last changed hands in 2014, for $16.5 million.
Boston-Area Residence Inn Trades for $12M
An HFF team represented the seller and procured the buyer of the 130-key property located in the suburban community of Tewksbury, Mass.
Blackstone Set to Launch $20B Property Fund
The investment giant’s plan continues its practice of doing things on a large scale and reflects an active fundraising strategy.
Clarion Partners Acquires $282M NYC High-Rise
The Midtown Manhattan office building recently underwent $30 million in capital improvements. Newmark Knight Frank represented the seller, Blackstone’s EQ Office affiliate.