Blackstone CEO Stephen Schwarzman Sees Strength in Private Equity, Weakness in Housing
Blackstone‘s latest quarter saw it reap huge rewards from private equity, although real estate has hurt the company. Nonetheless, the fact the alternate investment firms diversified holdings allows More...
Espionage Fears May Stall Blackstone’s $1.95 Billion Sale of Waldorf to Chinese
As Blackstone looks to raise $13 billion for its next global real estate fund, according to Reuters, it is under investigation for its sale of New York’s Waldorf Astoria to Chinese investors for $1.95 More...
Blackstone Has $13 Billion Target for New Real Estate Fund
Blackstone is seeking $13 billion for its next real estate fund, according to Reuters. Blackstone has been expanding more into real estate rather than focusing mainly on private equity. Its $27 billion leveraged More...
Waldorf Astoria opens Jerusalem hotel
– – Hilton Worldwide’s Waldorf Astoria Hotels & Resorts has opened its luxury 226-room hotel Waldorf Astoria Jerusalem. Set in a restored building , the former Palace Hotel, developed More...
Blackstone Reports Record Year : Jonathan Gray’s Real Estate Group Chips In 60% Of The Profits
– Last week the Blackstone Group reported its full year and fourth quarter results for 2013, which were pretty much excellent all round. Full year revenues reported were US$6.6 billion in 2013, up More...
Hilton Worldwide Holdings IPO Priced Wednesday Raises $2.4 Billion
– – Hilton Worldwide Holdings (HLT) yesterday priced its eagerly awaited initial public offering, selling a total of 117, 640, 624 shares at a price to the public of US$20 per share. The More...
Stephen Schwarzman’s Blackstone Group Files IPO Documents with SEC for Shopping Centre Unit Brixmor
– The Brixmor Property Group, Blackstone group’s property division, and rated to be the second-largest shopping center owner and operator in the United States, are reportedly planning to launch More...