Thursday, March 29, 2007

Blackstone Recoups More Than $3.7 Billion on Equity Office Buy-Out This Week

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

1 comment:

Anonymous said...

I just found the website who discuss about
many
home business reviews

If you want to know more here it is
home based business reviews
www.home-businessreviews.com