Blackstone
University Temple Church Scraps 933-Bed U District Student Housing Towers Planned With American Campus Communities
Eight years after agreeing to trade its century-old sanctuary for a pair of student towers, University Temple United Methodist Church is cancelling the...
Judge Tosses DekaBank’s $17.2MM Repair Claim Against Blackstone at 315,000 SQFT Exchange Building in Seattle, Lets $30MM Guaranty Fight Proceed
A New York court has thrown out DekaBank's bid to make a Blackstone fund pay for projected repairs at Seattle's half-empty Exchange Building,...
AMLI Residential Pays $21.1MM for Spring District Block 15 Site in Bellevue, Where It Plans 296 Apartments
An AMLI Residential entity tied to Morgan Stanley's Prime Property Fund has paid $21.1 million for the Spring District's Block 15 in Bellevue,...
Oregon Commits $350MM to Brookfield’s Sixth Flagship Infrastructure Fund, Trimming Its Ticket From the Last Vintage
Oregon's state investment council has steered $350 million into Brookfield Infrastructure Fund VI and a companion co-investment vehicle, extending a long-running relationship with...
UW’s Global Innovation Exchange Vacates 96,000 SQFT in Bellevue’s Bel-Red for Rent-Free Microsoft Campus, Flipping Eastside Absorption Negative
The University of Washington's Global Innovation Exchange traded roughly 96,000 square feet of leased space in Bellevue's Spring District for a rent-free home...
Blackstone Says Rising Rates Hit Apartments Hardest as Data Centers Carry Q3 Real Estate Book
Blackstone told investors that its multifamily holdings absorbed the heaviest blow from widening cap rates in a third quarter marked by the sharpest...
Blackstone’s 432-Unit Ascent and Marlowe in Seattle’s South Lake Union Caught Up as $518MM Portfolio Loan Hits Special Servicing
Ascent South Lake Union and Marlowe, the 432-unit pair Blackstone bought for about $302.8 million in 2021, are now two of the last...
Pacific Industrial Taps Link Logistics Veteran Bud Pharris as CEO to Drive Western U.S. Expansion
Long Beach-based developer Pacific Industrial has hired Bud Pharris, who ran Blackstone-owned Link Logistics' nine-market West Region, as chief executive officer to steer...
Vanbarton Exits 541,000 SQFT 901 Fifth Avenue Tower in Downtown Seattle for $48.3MM, 84% Below 2019 Price
Seattle-based GT Capital, in partnership with The Benaroya Company, has acquired the 41-story 901 Fifth Avenue office tower from New York-based Vanbarton Group...
Perform Properties Keeps Clearstead at 999 Third With 14,000 SQFT Upgrade Ahead of Docusign’s 227,000 SQFT Exit
With Docusign preparing to vacate roughly 227,000 square feet at 999 Third Avenue next year, Blackstone-owned Perform Properties has kept a 14-year tenant...
Infill Industrial Partners Buys 126,000 SQFT Renton Warehouse From Blackstone Affiliate for $31.8MM
Infill Industrial Partners paid $31.8 million for a 126,457-square-foot Renton warehouse from a Blackstone affiliate, its second Blackstone buy this month.
Infill Industrial Partners Buys Two Kent Warehouses From Blackstone Affiliates for $49.6MM
Infill Industrial Partners buys two Kent Valley warehouses totaling 257,098 SQFT from Blackstone affiliates Link Logistics and Revantage for $49.6 million.
