News
Report: Blackstone in Talks to Sell Two Boston Office Buildings for $1.3B
REIT Blackstone Group is selling two big Boston buildings—758k SF and 553k SF, respectively—to JPMorgan and Oxford Properties for about $1.3B in a deal set to close in September, Bloomberg reports. Although the sale is hush-hush, Blackstone has been busy selling in-demand coastal office assets. Just last year, Oxford bought five other Boston offices from Blackstone for $2.1B. And earlier in April, Blackstone sold 26 Northern California properties consisting of 8.2M SF to Hudson Pacific Properties. Blackstone said it's probably looking for buyers to purchase the assets of Equity Office, which has stakes in 543 buildings and 103.1M SF. [Bloomberg]
