Tag Archives: Investor Group

Blackstone Takes Majority Stake in California Portfolio

Blackstone Group LP (BX) took a majority stake in an investor group that owns a 31-property Southern California office portfolio after a debt restructuring led by SL Green Realty Corp. Blackstone’s Real Estate Partners VII fund invested about $85 million … Continue reading

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Blackstone Takes Majority Stake in California Portfolio

Blackstone Group LP (BX) took a majority stake in an investor group that owns a 31-property Southern California office portfolio after a debt restructuring led by SL Green (SLG) Realty Corp. A Blackstone real estate fund invested about $85 million … Continue reading

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REAL ESTATE: Lawmaker proposes bill to end California’s eminent domain “heist” – Press

An Orange County congressman has introduced legislation to make it harder for governments from San Bernardino to Chicago’s Cook County – and the rest of the nation – to use eminent domain to seize mortgages of loans that are underwater. … Continue reading

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California building sale creeps back into budget picture

Desperate for money and on the verge of cutting schools, California has become a ready target for quick-cash ideas. A British gaming company recently offered $1 billion to take over part of the California Lottery. Now a private investor group … Continue reading

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Broderick Perkins: California short-sale snafus worsen

<!–Saxotech Paragraph Count: 13–> “Despite promises by lenders to improve their short-sale processes, clearly, they are not doing enough,” said CAR President Beth L. Peerce. Kim DiBenedetto, a real estate agent with Coldwell Banker Del Monte Realty in Carmel, says … Continue reading

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