Tag: assets

Real Estate Tycoon Buys Up Oil Assets At Rock Bottom Prices

Sam Zell, the real estate mogul, has acquired oil assets across the United States at ‘fire-sale’ prices, as U.S. drillers sell assets to raise cash which is scarce in the oil patch these days, the billionaire told Bloomberg TV in an interview on Thursday. Zell, founder and chairman…

Blackstone to buy GLP’s US warehouse assets in largest real estate PE deal

Blackstone Group LP is buying U.S. industrial warehouse assets from Singapore-based logistics provider GLP for $18.7 billion, in what the companies said was the largest private real estate transaction. Blackstone, the world’s largest manager of alternative assets, said on Sunday the overall transaction totaled 179 million…