Showing posts with label Westshore Plaza. Show all posts
Showing posts with label Westshore Plaza. Show all posts

Tuesday, August 3, 2010

Blackstone's Property Deals

The WSJ summarizes Blackstone deals this year

  • Blackstone and Glimcher buying Pearlridge Center on Oahu for $242mm from Northwestern Mutual
  • Blackstone bought 60% stake in Glimcher's Lloyd Center (Portland) and Westshore Plaza (Tampa) in March for $60mm + debt assumption -- see here-both serve as collateral in 4 2003 deals.
  • Caruso Affiliated & TPG Capital paid $750mm for retail and mixed-use out West
  • Blackstone is buying an 80% stake in 17mm sq ft of warehouse space for $105mm + debt from an Eaton Vance Fund. Prologis is the joint owner and will keep its 20% stake.
  • Blackstone closing this week on a $500mm purchase of a portion of GGP, this week.