Everything you need to know about Blackstone’s Los Angeles selling spree

From TRD Los Angeles: Blackstone Group’s Miracle Mile office tower is the second L.A. trophy office the firm has listed in a two-week span — and it’s only the latest leg of the real estate investment giant’s veritable selling spree this year. Blackstone has been cashing out of the L.A. market at breakneck pace. The New York firm sold five major office properties in the area in the last six months. Its combined L.A. payday was more than $1.2 billion, a number that sources said could grow beyond $2.3 billion as the firm rids itself of the last local vestiges of the biggest real estate buyout ever seen, as well as a handful of other properties it acquired during the same era.