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The private equity firm's REIT arm is seeking to price a second CRE loan portfolio for May, this time led by an industrial portfolio of warehouses and logistics centers. No hotel or shopping mall loans are included.
May 20 -
Sellers are currently willing to concede discounts of around 5%, while bidders are hoping for about 20% off pre-pandemic prices. That estimated gap, which is likely wider in specific cases, has put a freeze on deals.
May 19 -
Blackstone Real Estate Partners is planning a $1.7 billion bond sale secured by a commercial mortgage loan that financed its newly acquired controlling interests in Great Wolf Lodge waterpark entertainment resort properties.
December 11 -
Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants' rights plan, accusing the company of "shamelessly" profiting from the 2008 housing crisis.
November 19 -
Denmark is set to change its laws to stop property investors from ratcheting up rents, as the center-left government made clear it wants to target Blackstone Group and companies like it.
October 30 -
BX Commercial Mortgage Trust 2019-XL, via Citigroup, features 11 note classes backed by a floating-rate, first-lien mortgage on 406 Blackstone-owned properties with a tenant roster of over 2,000 lessees — including Home Depot, UPS, FedEx and Amazon.
October 7 -
Denmark's new government said it plans to take on Blackstone Group Inc. and promised stricter housing laws after criticizing the U.S. firm for what it characterized as an "unsustainable" business model.
October 1 -
Stearns Lending canceled plans for an auction after almost two-thirds of its noteholders approved a bankruptcy reorganization proposal that would solidify Blackstone's ownership of the company.
September 11 -
Stearns Holdings and certain subsidiaries have filed for Chapter 11 bankruptcy as part of a restructuring agreement that could reduce debt, increase Blackstone's stake in the company and preserve jobs.
July 9 -
Blackstone's real estate affiliate and property management firm SITE Centers Corp. acquired the 12 centers across seven states in 2014.
June 21