Connect with us

Hi, what are you looking for?

Jewish Business News


The Willis Tower Will Be Huge for Blackstone

Real Estate comprises a large portion of Blackstone’s investments

Willis Tower

The Willis Tower in Chicago, formerly known as the Sears Tower, was the tallest building in the world from 1973 until 1998, and now it is likely to be a gigantic investment prospect for Blackstone, as reported by the Real Deal.

Blackstone is likely to invest in the $1.5 billion skyscraper through its real estate fund, rather than through its private equity fund. Out of its $291 billion assets under management, the real estate portion comprises $81 billion. One of its largest recent real estate investments was Hilton Worldwide, which came public in 2013.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

While Blackstone is still a major shareholder, it has been taking profits on its position. Blackstone has seen significant success, and is now bigger than KKR, Apollo and Carlyle put together.

Blackstone was founded in 1997 by Stephen Schwarzman, who owns 45% of the firm and has made a name for himself in philanthropic as well as investing circles. He is known for his $100 million gift to the New York Public Library, his donations to the City Scholarship Fund, the Frick Collection, the Film Society of Lincoln Center, the New York City Ballet and Partnership for New York City.

According to Crains, he founded Schwarzman scholars, similar to the concept of a Rhodes scholarship, but these students travel from around the world to study at China’s Tsinghua University. He told the Chronicle of Philanthropy that the purpose of the scholarship, awarded to 200 students annually, was to offset resentment of China’s economic progress. “I felt this was a potentially destabilizing scenario (the resentment), and it would lead to economic trade and possibly military tensions.”




You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.