Blackstone Inc., the world’s largest commercial property owner, said the worst is over for the global office market after a prolonged slump fueled by the pandemic.

It’s been three years since Blackstone’s last big move in Manhattan’s office market. In 2022, the company acquired a 49 percent stake in One Manhattan West from Brookfield and the Qatar Investment Authority, a deal valuing the 67-story tower at $2.85 billion.

The chief operating officer of the investment giant said high-quality assets in strong markets were being priced at attractive discounts.

Financial writer discusses Blackstone's interest in rebounding office market, potential property investments, and strong earnings results.

Blackstone Inc. took in US$630 million from a fundraising effort that targeted wealthy Canadian investors, according to a person familiar with the matter, bringing assets in its first private equity fund for individuals to about $8.

Blackstone (NYSE:BX) is reportedly negotiating to acquire a substantial stake in a 50-story office building in New York, according to a Bloomberg report on Thursday. The current owners of the building are institutional investors who receive advice from J.

Goldman Sachs (GS) joined a growing list of buyers picking up warehouse properties across the U.S. The bank’s alternative investment arm has purchased a portfolio of 21 industrial buildings spread across Nevada, Texas, Ohio and Pennsylvania from Blackstone (BX) for $293 million, according to Bloomberg, which first reported the news.

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Inc., the world's largest real estate investor, is close to reaching an agreement to acquire a Midtown Manhattan tower, marking its return to New York office dealmaking. According to a Bloomberg report on Thursday,

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Morgan Stanley and JPMorgan Chase & Co. scored another coup against private credit arrivistes this week when their leveraged finance teams snared a $1.2 billion deal from one of direct lending’s biggest borrowers,

Blackstone Inc. is nearing an agreement to purchase a Midtown Manhattan tower, which would mark a return to New York office dealmaking for the world’s biggest real estate investor. Most Read from Bloo