Continuing a downward trend in California’s commercial real estate market, New York-based investment management firm Blackstone sold two 13-story office towers in Santa Ana for an estimated $47 million loss in March. Barker Pacific Group, a Los Angeles-based real estate management and development company, and Kingsbarn Realty Capital, a private equity firm in Las Vegas,…
Blackstone Sells Santa Ana Office Building for $47 Million Loss, Commercial Real Estate Woes Spread
April 11, 2023
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Blackstone Blocked Investor Withdrawals From $71 Billion REIT in February
NEW YORK—Blackstone Inc. said on Wednesday it had blocked investors from cashing out their investments at its $71 billion real estate income trust (BREIT) as the private equity firm continues to grapple with a flurry of redemption requests. BREIT said it fulfilled redemption requests of $1.4 billion in February, which represents only 35 percent of…
Blackstone-Owned Landlord to Cease Buying Homes in 38 Cities as US Housing Market Slows
August 29, 2022
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A single-family landlord firm owned by the private investment company, Blackstone, will end it purchases of homes in 38 American cities, as the U.S. housing market begins to slow down dramatically. The residential property company, Home Partners of America, (HPA) was acquired by Blackstone in June 2021 for $6 billion at the height of the COVID-19 pandemic housing…
LIVE 5 PM ET: China Catching Up on Semiconductors?; Blackstone Creating Massive Real Estate Fund | NTD Business
Real Estate Powerhouse Blackstone is putting the finishing touches on one of the biggest real estate funds ever, as some predict a drop in home prices. A Chinese microchip maker is producing semiconductors two generations ahead of its time. This could benefit China’s military. The CEO of Volkswagen is stepping down in a surprise move, years…
China Catching Up on Semiconductors?; Blackstone Creating Massive Real Estate Fund | NTD Business
Real estate powerhouse Blackstone is putting the finishing touches on one of the biggest real estate funds ever, as some predict a drop in home prices. A Chinese microchip maker is producing semiconductors two generations ahead of its time. This could benefit China’s military. The CEO of Volkswagen is stepping down in a surprise move, years…
Blackstone to Buy PS Business Parks in $7.6 Billion Take-Private Deal
Blackstone Inc on Monday agreed to buy real estate investment trust (REIT) PS Business Parks for $7.6 billion, including debt, as dealmaking activity in the real estate sector continues to thrive in the aftermath of the COVID-19 pandemic. As part of the take-private deal, Blackstone said its real estate affiliates will pay $187.50 cash to…
Blackstone Buys Largest Student Housing Operator
The investment firm Blackstone has secured a deal to buy the largest student housing operator in the United States for $12.8 billion, in the company’s latest and most expensive of many acquisitions in residential properties. On Tuesday, representatives of Blackstone Inc. announced that the company had acquired American Campus Communities, the largest provider of student…
Report: Apollo Could Fund Musk’s Twitter Bid; Why China’s Sticking With ‘Zero Covid’ | NTD Business
A Wall Street Journal report says private equity firm Apollo might support Elon Musk in his bid to buy twitter. We ask an expert how would that help Musk? If you’re a student, Blackstone could be your next landlord! The investment firm agreed to buy a major student-housing developer. Masks now — optional — on many…
Blackstone, Goldman Sachs Expanding Footprint in Asia
Blackstone and Goldman Sachs are looking to increase their investment presence in Asia, the companies confirmed. In a fourth-quarter conference call last week, the world’s largest alternative asset manager confirmed that it has gathered $11 billion to acquire companies in Asia following its second private-equity fund for the continent. It raised $6.4 billion and will…
Blackstone Increases Takeover Bid For Australia’s Crown Casinos
Private equity group Blackstone has increased its bid for Crown Resorts and this time the casino operator looks likely to accept. Blackstone raised its bid by 60 cents per share to $13.10 per share, which equates to an $8.87 billion proposal. Crown on Thursday said it was in shareholders’ interests to discuss the offer further…
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