
Blackstone Sells Chicago Office Tower for $850 Million
Blackstone has sold the iconic One Prudential Plaza in Chicago to Singapore's GIC for $850 million, marking a major deal in the U.S. office market.
Samuel Holloway is a senior correspondent for Crezzio covering commercial real estate and institutional investment. He specializes in large-scale transactions, market analysis, and the strategies of major private equity firms in the property sector.
Blackstone has sold the iconic One Prudential Plaza in Chicago to Singapore's GIC for $850 million, marking a major deal in the U.S. office market.
GTIS Partners has acquired a 26-acre site in Dallas-Fort Worth to develop a 442,000-square-foot industrial facility in a market with 0% vacancy for new buildings.
A 180-unit Arden-Arcade apartment complex, Howe Manor, has been sold for $42.5 million, marking its first sale since being built in the 1960s.
David Lloyd Leisure has opened a new £25 million, 100,000-square-foot flagship club in Kensington, London, creating over 150 jobs and offering extensive wellness facilities.
A diverse group of seven companies, including major financial institutions and specialized real estate firms, is experiencing high trading volume, drawing investor focus.
Vornado Realty Trust has acquired a 36-story office property at 623 Fifth Avenue for $218 million, with plans for a major redevelopment into a Class A building.
Piedmont Office Realty Trust announced over 500,000 square feet of leasing in Q3, with 85% of the space being previously vacant, signaling progress.
RCP Companies has named 37-year real estate veteran David Wilson as its new Director of Mixed-Use Assets to oversee its portfolio and a new property management platform.
Blackstone has finalized a $4.5 billion deal to acquire a 25-million-square-foot portfolio of industrial properties, signaling strong investor confidence.
Modern e-commerce and supply chain demands are rendering older industrial buildings obsolete, with issues like low ceilings and inadequate truck access.
Global investment firm Blackstone has completed its £2 billion acquisition of David Lloyd Leisure, a leading European health and fitness club operator.
A new Colliers report confirms Boston's status as a top U.S. tech hub, driven by strong venture capital, a skilled workforce, and growing demand from AI firms.
Blackstone has finalized a $3.1 billion all-cash deal to acquire a 14-million-square-foot industrial real estate portfolio from Prologis, signaling strong investor confidence in the logistics sector.
Global investment firm Blackstone has agreed to purchase a €5.2 billion portfolio of 150 European logistics properties in Germany, the Netherlands, and the UK.
Blackstone has appointed Katie Keenan as the new CEO of its Real Estate Income Trust (BREIT) and Tim Johnson as CEO of Blackstone Mortgage Trust (BXMT).
Blackstone has announced major leadership changes in its real estate division, appointing Katie Keenan as CEO of BREIT and Tim Johnson as CEO of BXMT.
Blackstone has appointed company veteran Katie Keenan as the new CEO of its real estate income trust, succeeding Wesley LePatner who died in a July shooting.
The commercial real estate market is undergoing a major reset, with traditional banks pulling back and private credit investors stepping in to fill the void.
A 196-unit affordable housing complex in Rancho Cordova has sold for $34.5 million to a nonprofit dedicated to preserving below-market-rate housing.
Global investment firm Blackstone has acquired a massive portfolio of industrial and logistics properties for $15 billion, expanding its footprint in the sector.