You are here: Home / Archives for New York

Marketplace: Blackstone, Fairstead Capital Partner to Acquire 24 NYC Buildings

September 23, 2015 By Leave a Comment
31-East-31st-Street New York

Marking one of the largest residential deals in New York City in the past decade, a joint venture of Blackstone Real Estate Partners VIII and Fairstead Capital closed on the acquisition of a 24-building portfolio from B&L Management Company and developer the Caiola family for $690 million. The two dozen, mid-size residential buildings contain 997 […]

[Continue reading...]
Filed Under: Press Tagged With: , , , ,

Blackstone to buy Caiola resi portfolio for $700M

July 22, 2015 By Leave a Comment
Jonathan-Gray-and-250-West-19th-Street

In one of its biggest New York City residential deals yet, the Blackstone Group is buying 25 Manhattan apartment buildings from the Caiola family for $700 million. The buildings include around 1,000 apartments and are clustered in Chelsea and on the Upper East Side. Blackstone’s minority partner on the deal is Fairstead Capital, Bloomberg reported, […]

[Continue reading...]
Filed Under: Press Tagged With: , , , ,