The Real Deal Miami

Posts Tagged ‘blackstone group’

  • Blackstone mulls sale of 137M sf European warehouse portfolio

    Deal could value Logicor unit at $11 billion, including debt
    May 20, 2016 03:45PM
    From left: Logicor in Europe and Jonathan Gray

    From left: Logicor in Poland and Jonathan Gray

    From the New York websiteThe Blackstone Group is considering either selling its European industrial-property arm in a deal that could value the company at more than $11 billion, or moving forward with an initial public offering that could be one of the largest ever on the continent. [more]

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  • Blackstone now owns more than $100B in real estate

    Fund manager’s CRE earnings recovered slightly in Q1
    April 21, 2016 12:45PM
    Blackstone's_assets_under_management_by_division_Q1_2016,_$B_chartbuilder

    Source: The Blackstone Group

    From the New York websiteThe Blackstone Group’s real estate division passed the $100 billion mark in assets under management in the first quarter, while its earnings recovered slightly from a dip at the end of 2015. [more]

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  • Private real estate funds have a record $231B to spend — but few places to put it

    A big chunk of it is likely to end up in US real estate
    March 30, 2016 01:30PM

    Dry_Powder_($B)_Funds_raised_per_year_($B)_chartbuilder

    From the New York website: Private real estate funds have more money to spend than ever before, but that’s not necessarily good news for the real estate market. [more]

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  • REVEALED: How much KHP paid for the Hilton Key Largo

    Deal was one of Keys' priciest hospitality purchases in recent years
    March 29, 2016 09:45AM
    Hilton-Key-Largo-Resort-Email-e1456344538447

    Hilton Key Largo at 97000 Overseas Highway

    California investment firm KHP Capital Partners made landfall in the Florida Keys last month when it purchased Blackstone Group’s Hilton Key Largo Resort for an undisclosed amount.

    Now, county records have revealed just how pricey the deal was. [more]

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  • CMBS could make a comeback, experts say

    Panel agreed that multifamily market remains strong
    March 18, 2016 05:15PM
    From left: Ron ,

    From left: Ron Lo Russo, Jennifer McCool, Jessica Lappin and Qahir Madhany 

    From the New York websiteAs banks retreat from funding certain projects, commercial mortgage-backed securities may return with renewed vigor over the next few months. [more]

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  • What’s behind Anbang’s record-breaking $19B hotel play?

    TRD examines why the politically-connected Chinese insurance giant acquired the Strategic Hotels portfolio and bid $13B on Starwood
    March 17, 2016 10:30AM
    From left: Anbang's Wu Xiaohui and Blackstone's Stephen Schwarzman at a Harvard University event in early 2015 (credit: Anbang Insurance Group)

    From left: Anbang’s Wu Xiaohui and Blackstone’s Stephen Schwarzman at Harvard University in early 2015 (credit: Anbang Insurance Group)

    From the New York website: In a single weekend, Anbang Insurance Group laid out $19.3 billion in cash to acquire two marquee U.S. hotel portfolios, an enormous sum that roughly represents the total volume of Chinese investment in U.S. commercial real estate from 2007 to 2015. [more]

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  • Blackstone pays $10.2M for hotel in Weston

    Price breaks down to more than $100,000 per room
    March 04, 2016 01:30PM
    The TownPlace Suites Fort Lauderdale Weston hotel

    The TownPlace Suites Fort Lauderdale Weston hotel

    An affiliate of the Blackstone Group, a New York-based private equity giant, just paid $10.2 million for an extended-stay hotel in Weston. [more]

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  • California investment firm buys Key Largo Hilton from Blackstone

    Blackstone recently completed $12M in upgrades for hotel
    February 24, 2016 03:45PM
    The Hilton Key Largo Resort

    The Hilton Key Largo Resort

    KHP Capital Partners, a California investment manager, just bought the newly renovated Hilton Key Largo from New York’s Blackstone Group. [more]

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  • Blackstone lists Hyatt Regency Pier 66 for sale

    The Fort Lauderdale property includes land approved for two 11-story residential buildings
    February 06, 2016 09:20AM
    Hyatt Regency Pier 66 hotel and marina

    Hyatt Regency Pier 66 hotel and marina

    New York-based private equity firm Blackstone Group listed the Hyatt Regency Pier 66 hotel and marina in Fort Lauderdale for sale.

    Commercial brokerage CBRE has the listing for the 384-room hotel and 127-slip marina at 2301 Southeast 17 Street.

    “There’s no asking price, but we think it probably will sell somewhere close to $200 million,” Christian Charre, senior vice president of CBRE, told the Sun-Sentinel. [more]

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  • Palm Beach County’s biggest commercial buyers of 2015

    Deals included shopping centers, offices and apartments
    February 03, 2016 04:30PM
    echo aventuraA rendering of the Palm Beach Outlers shopping center in West Palm Beach

    Investors sank billions of dollars into Palm Beach County real estate last year, marking one of the county’s most active years since the U.S. economy tanked several years ago.

    The Real Deal compiled a list of 2015’s biggest commercial investment players in Palm Beach County using data from the CoStar Group, an analytics company. Check out the top five after the jump.
    [more]

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