Blackstone to Shed U.S. Office Empire with the Sale of Their Portfolio

July 10, 2012

Lance Leighton

Founder –
New York State Licensed Real Estate Salesperson

Call 516-557-1160

Blackstone Group LP, one of the world’s largest private equity firms, is considering selling its entire U.S. real estate portfolio, which some value as high as $22 billion USD.

According to multiple sources, Blackstone has begun to prepare for an exit strategy beginning as early as next year. In February, their chief executive, Stephen Schwarzman, made a statement to analysts ”When we exit the real estate, my expectation is that we will really crush it and we will really do extremely well.”    Blackstone’s domestic portfolio includes over 100 office buildings and 50 million square feet of space. 

See below link to the entire article:

In NYC, here are several of Blackstone’s key assets:

1095 Avenue of the Americas:

229 West 43rd Street:

28 State Street:

Recent Posts

Year in Review – The Largest Office Relocations

  • By Lance Leighton | January  05,  2018

BlackRock, Bank of America and Third Point had Midtown Manhattan's most notable new leases. There is no question that 2017 was a solid year for New York City commercial real…

Why Your Current Real Estate Broker is WRONG

  • By Lance Leighton | December  27,  2022

The office space market is being dictated by ONE thing, Culture! As one of the more active office space brokers in New York City, I can’t help but cringe when…

What Are The Benefits of Having Tenant Representation

  • By Lance Leighton | May  24,  2012

Tips for Choosing a Tenant Representation Office Space Broker Office space is one of the most meaningful and influential decisions for a company's executive.  Depending on the size of the…