Macklowe to buy Blackstone holdings

The Blackstone Group is expected to sell a number of the Manhattan properties acquired through its $39 billion EOP buyout to Macklowe Properties. Blackstone will get about $7 billion – or roughly $1,000 a square foot – for the sales, which will include prime Midtown office properties. more [Post]
Meanwhile, Blackstone’s EOP deal will likely result in hikes on already high office rents across the country. more [WSJ]