Blackstone

BKM Capital Partners and Kayne Anderson pay $57M, about $271 per SF, for Blackstone's 210,000 SF Stirling Road small-bay park near I-95 in Fort Lauderdale.

Blackstone paid $99.6M for a 134,200 SF Sunnyvale R&D building leased entirely to Nvidia through 2036, more than triple the seller's 2023 price.

Clarion Partners and Alchemy Properties defaulted on a Signature Bank loan the FDIC sold into a Blackstone, CPP Investments and Rialto Capital venture, which took the Grand Central-area tower back itself.

The former WeWork founder adds a 296-unit bayfront tower while Blackstone's AIR Communities gives up a piece of its Miami book.

Rather than sell buildings to fund exits, Blackstone is connecting sellers with buyers at whatever price clears, a mark every LP will now cite.

The city record on block 233 holds a full basis reset, plus a Blackstone loan that changed hands fourteen months before the building did.

HPP and Blackstone got a 15-month extension on a $1.1B CMBS loan tied to a 2.2M SF Hollywood, California studio and office portfolio, with no paydown required.

Crux AI, the Google and Blackstone-backed TPU venture, hired Meta's data center construction chief as it targets 500MW by 2027.

Blackstone Real Estate is paying $86M for Ken Griffin's 125 Worth Avenue building in Palm Beach, betting on demand in the luxury retail corridor.

Six MOUs, no signed checks yet, and a developer's cost of capital just moved anyway.

Blackstone sold a 28-building, 1.9M-sf Sacramento industrial park for about $245M, a basis well under its own $169/sf print nine days earlier.

The joint venture's own release confirms the price, footprint and lender group. Our math on that release puts the basis at about $169 a square foot.

The interconnection queue is a two-to-four-year tax on a site. The biggest name in private credit just financed the detour around it.

Trophy-hotel debt is thawing for well-capitalized sponsors, and a lender is willing to underwrite Brickell room rates again.

Now that the ban is real, the question is how capital routes around it, and the widest lane points straight at build-to-rent.