24.10.2011 - GE is said to finance Blackstoneís $1.08 bln purchase of U.S. offices
General Electric Co. (GE)ís lending arm agreed to provide about $800 million to help finance Blackstone Group LP (BX)ís $1.08 billion purchase of U.S. suburban office buildings, said two people briefed on the transaction. The loan marks GE Capitalís first large commercial real estate financing since the credit crisis following Lehman Brothers Holdings Inc.ís 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
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