Start Of The End? Blackstone Sells California Commercial Buildings At 36% Loss

In the face of mounting office market headwinds, Blackstone Inc.’s (NYSE: BX) has liquidated two 13-story buildings in Southern California at a significant discount. A joint venture between Barker Pacific Group (BPG) and Kingsbarn Realty Capital paid $82 million, or $146 per square foot, for the Griffin Towers office park in Santa Ana, California, in Orange … Continue reading Start Of The End? Blackstone Sells California Commercial Buildings At 36% Loss