Sunday, 24 May 2015
Last updated 2 days ago
Nov 1 2013 | 1:28pm ET
A Blackstone Group real-estate investment trust raised $825 million in its initial public offering this week.
Brixmoor Property Group's haul was the largest REIT IPO in 20 years. Blackstone did not sell any of its shares in the shopping-mall owner, and continued to own 73% of the REIT.
The Brixmoor is Blackstone's first REIT.
The huge sale adds to what has already been the biggest year for REIT IPOs in 10 years, and marks what could be a string of huge real-estate business deals for Blackstone. The private-equity giant is set to list hotel chains Extended Stay America and Hilton Worldwide Holdings this year, and next year may hold IPOs for its U.S. warehouse and single-family home-rental businesses.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…