A shareholder opposing the proposed C$6.7 billion breakup of H&R Real Estate Investment Trust has stepped up his campaign ahead of a November 13 vote, urging the trust’s independent trustees to pursue a different strategy if unitholders reject the...
Blackstone’s real estate business felt the impact of a more difficult investment market in the third quarter, with its opportunistic property funds declining 3.2% in value even as the firm continued raising and deploying billions of dollars. The world’s...
Nadeem Meghji is stepping down as the global head of Blackstone Real Estate, according to Wall Street Journal coverage sourced from unnamed “people familiar with the matter.” The Journal’s report stated Meghi was leaving so he could spend more time with his family. In...
Sunstone Hotel Investors Inc. (NYSE: SHO), a lodging real estate investment trust, announced the sale of the 821-room Hyatt Regency San Francisco to funds affiliated with Blackstone Real Estate (NYSE: BX), for a gross sale price of $279 million, or approximately...
One of the most famous hotels in the nation announced a new investment to restore its historic Victorian building. San Diego’s Hotel del Coronado will receive more than $160 million from Blackstone Real Estate, which marks the next and final phase of its more than...
RMR Posts $12.4 Million Quarterly Loss as Managed Real Estate Assets Fall t…
