General Electric Co is nearing a deal to sell practically all of its $30 billion real estate portfolio to a consortium led by Blackstone Group and Wells Fargo & Co , according to a person familiar with the matter. 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.
via Health News Headlines - Yahoo News http://ift.tt/1HYq7vu
No comments:
Post a Comment