Press releases have been flying fast and furious about purchases of pieces of Blackstone’s recently acquired Equity Office portfolio. According to news stories, sales of buildings in Austin, Portland, OR, , Stamford, CT, and Denver (http://www.cpnonline.com/cpn/article_display.jsp?vnu_content_id=1003563671), total 68 properties and more than $3.7 billion moved off of Blackstone’s ledger. The Equity buyout, finalized less than two months ago, totaled $39 billion, indicating that if the papers have it right, Blackstone made back nearly 10% of the total deal this week.
“Thomas Properties venture to buy $1.15 billion of Austin Real Estate”
http://www.bizjournals.com/losangeles/stories/2007/03/26/daily31.html
“Shorenstein closes $1 billion Oregon property deal”
http://portland.bizjournals.com/portland/stories/2007/03/26/daily21.html
“RFR agrees to buy EOP’s Stamford Portfolio from Blackstone for $850M”
http://www.costar.com/News/Article.aspx?id=B24B9844B76F724FD8D990F311209187
“$770M Takes EOP’s Former Denver Holdings from Blackstone”
http://www.cpnonline.com/cpn/article_display.jsp?vnu_content_id=1003563671
“Blackstone’s Bid for Equity Office Prevails”
http://www.nytimes.com/2007/02/08/business/08real.html?ex=1328590800&en=f82eb4b2ec2106e5&ei=5088&partner=rssnyt&emc=rss
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