Blackstone swooped on regulation-weary GE to do mega real estate deal

GE close to selling nearly all its real estate holdings: source

This would be the biggest commercial real estate deal since Blackstone's acquisition of office landlord Equity Office Properties Trust in 2007 for $39 billion, including debt. It comes as the Federal Reserve is widely expected to raise interest rates later in the year, pushing up financing costs. GE and Blackstone declined to comment. "We're in that sweet spot of 2007 when there's a lot of money ...

Thu, 09 Apr 2015 16:40:48 -0700

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Blackstone swooped on regulation-weary GE to do mega real estate deal

It took Blackstone Group LP less than four weeks after an approach from General Electric Co to clinch the biggest real estate deal since the financial crisis. After the Wall Street meltdown, U.S. regulators slapped rules on banks and other financial institutions aimed at curbing their risk taking. These requirements, including more burdensome capital requirements and the hiring of additional ...

Fri, 10 Apr 2015 16:20:25 -0700

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Blackstone and Wells Fargo to Buy GE Capital’s Real Estate Assets

Blackstone and Wells Fargo today announced that they had signed agreements to purchase most of the assets of GE Capital Real Estate in a transaction valued at

Fri, 10 Apr 2015 03:30:00 -0700

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GE to sell real estate holdings, sets $50 billion share buyback

General Electric Co (GE.N) said it would sell the bulk of its real estate portfolio to investors including Blackstone Group (BX.N) and Wells Fargo & Co (WFC.N) for $26.5 billion, in the biggest commercial real estate deal since 2007. The company, which has been refocusing on its industrial businesses, also said its board had authorized a share repurchase program of up to $50 billion. The stock ...

Fri, 10 Apr 2015 04:16:52 -0700

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