Thu, Jul 24, 2014
A A A
Welcome hendrik.absolut
RSS

Real Estate Briefing - Categorized | Commercial property Watch, Finance more

GE is said to finance Blackstone’s $1.08 bln purchase of U.S. offices

Posted on 24 October 2011

General Electric Co. (GE)’s lending arm agreed to provide about $800 million to help finance Blackstone Group LP (BX)’s $1.08 billion purchase of U.S. suburban office buildings, said two people briefed on the transaction.

The loan marks GE Capital’s first large commercial real estate financing since the credit crisis following Lehman Brothers Holdings Inc.’s bankruptcy in September 2008, according to the people, who asked not to be identified because the information is private. Blackstone is buying the properties, located mostly in the Midwest and South, from Duke Realty Corp. (DRE)……………………………………..Full Article: Source


 Article link

This post was written by:

Laxman - who has written 28515 posts on Opalesque Real Estate Briefing.


Contact the author

Comments are closed.

July 2014
M T W T F S S
« May    
 123456
78910111213
14151617181920
21222324252627
28293031