logo
Blackstone Snaps Up Stakes in Office Buildings Leased by Meta

Blackstone Snaps Up Stakes in Office Buildings Leased by Meta

Bloomberg18 hours ago

Blackstone Inc. 's real estate business purchased stakes in two office properties in Bellevue, Washington, that are leased by Meta Platforms Inc.
Owner Shorenstein Investment Advisers sold an interest in two buildings, known as Blocks 5 and 6, to funds affiliated with Blackstone Real Estate, according to a statement Wednesday.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Blackstone Plans To Invest $500 Billion In Europe Over The Next Decade
Blackstone Plans To Invest $500 Billion In Europe Over The Next Decade

Yahoo

time2 days ago

  • Yahoo

Blackstone Plans To Invest $500 Billion In Europe Over The Next Decade

Blackstone Inc. (NYSE:BX) is one of the 11 Best Financial Services Stocks to Buy Right Now. CEO Steve Schwarzman told Bloomberg Television on June 10 that the company aims to invest up to $500 billion in Europe over the next decade. A data analyst in front of a computer monitor, analyzing a series of financial trends. Schwarzman saw Europe as a 'major opportunity' and stressed the region's growing investment potential in the context of changing international alignments. Blackstone Inc. (NYSE:BX), which manages more than $1 trillion in assets, has already invested $100 billion in the UK and employs 650 people in London. Reuters received confirmation of the remarks from a representative. Major private equity firms are taking notice of Europe's improved economic situation, which includes more defense spending (particularly Germany's historic spending plans in March). Although 83% of private equity-backed aerospace and defense agreements since 2020 have gone to the United States and Canada, Blackstone Inc. (NYSE:BX) sees that momentum is growing in Europe. Schwarzman, a renowned Donald Trump supporter, admitted that businesses have been forced to reorganize their supply chains as a result of changing U.S. trade policies. He stated that these factors support Blackstone Inc. (NYSE:BX)'s aggressive investment strategy by positioning Europe for higher growth rates. While we acknowledge the potential of BX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 High-Growth EV Stocks to Invest In and 13 Best Car Stocks to Buy in 2025. Disclosure. None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store