The Blackstone Group
Blackstone Expands Manhattan Lease to 575 KSF
The firm has called 345 Park Ave. home for the last three decades and will soon occupy a total of 16 floors in the Rudin family-owned office tower.
Pebblebrook Raises $1.8B for LaSalle Merger
Earlier in the year, LaSalle Hotel Properties had said yes to an all-cash offer from Blackstone, but the company later terminated the agreement in favor of the Pebblebrook bid.
JV Acquires SoCal Twin Towers for $107M
Equity Office Properties sold the office buildings in Torrance, Calif., to The Ruth Group and Roxborough Group, in a deal handled by Newmark Knight Frank.
Blackstone Buys Maui Hotel, Condo Property
Ares Management, SMW Hospitality and Trinity Investments sold the Ritz-Carlton, Kapalua, which encompasses a 297-key luxury resort and 107 condos on the Hawaiian island’s northwest shore.
SJP Properties Adds New SVP
Zachary Freeman has more than 20 years of commercial real estate experience and previously worked at Equity Office/The Blackstone Group and CBRE.
Midtown Manhattan Tower Receives $125M Financing
Pearlmark will use the proceeds from the loan to refinance the LEED Silver-certified Tower 56, as well as cover the costs of future leasing efforts.
The Office Repositioning Playbook
Which properties make the best candidates for makeovers? WiredScore founder & CEO Arie Barendrecht discusses three high-profile projects that are incorporating cutting-edge technology, re-imagined interior spaces and upgraded infrastructure.
Blackstone Trades $170M South FL Hotel
Brookfield Property Group picked up the 589-key Hilton Fort Lauderdale Marina. The previous owner renovated the 1980s-era asset 10 years ago.
Leaders Shed Light on Industrial Sector’s Prospects
At NAIOP’s annual I.CON conference, top executives provided insights into the trends shaping a dynamic asset category and offered glimpses of their investment strategies.
Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.