Blackstone, with $65B in dry powder, has been active in the real estate market. It sold Market Square in DC for $323M, below its $595M valuation. Additionally, Blackstone plans to sell The Office Group for £1.5bn. The company faced criticism for overvaluing its assets.
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Shock: Blackstone valued its building at more than $595M. They just sold it for $323M. Will Democrats charge them with fraud for over valuing it? https://t.co/e8UNYNtgD4 https://t.co/pULDdgFPjk
Gail's owners bake plan for sale after rapid growth Read more🔗 https://t.co/iYodEi6tWa
JUST IN: The Market Square complex in the heart of Washington DC has sold for $272M less than the previous acquisition price The Buyer, PRP Real Estate Investment, acquired the 696k sq ft office complex for $323M from the Sellers The previous Owner, Blackstone/Pimco, purchased… https://t.co/QFhGybRwj1
Blackstone plots sale of £1.5bn WeWork rival The Office Group https://t.co/tnJ3JhqxBN via @j_a_warrington @Telegraph #PrivateEquity
⚫ Blackstone plots sale of £1.5bn WeWork rival The Office Group https://t.co/btrT3e50gZ
Blackstone has been getting pretty salty in its public statements re to its office market exposure 🧂 It took some capital punishment in DC, where it sold Market Square for $323M, having bought into the trophy office complex at a $595M valuation. (The new owners (PRP/Morning… https://t.co/WJGET2HBLw
Blackstone has been getting pretty salty in its public statements re to its office market exposure 🧂 It took some capital punishment in DC, where it sold Market Square for $323M, having bought into the trophy office complex for $595M. (The new owners (PRP/Morning Calm) paid… https://t.co/UtQpuda9yt
Blackstone using its $65B of dry powder to outbid working-class families on suburban starter homes https://t.co/EYrqsUkByY