Payday for Blackstone: Firm closes on sale of 3 pricey LA office deals Firm sold 1299 Ocean & 429 Santa Monica to Douglas Emmett and QIA; stake in 1999 Avenue of the Stars to JMB
From left, Dan Emmett of DEI, Jonathan Gray of Blackstone, Sarah Shaw of JMB and Sheikh Abdullah bin Mohammed bin Saud Al Thani of QIA
Spring cleaning at the Blackstone Group means a massive payday.
The firm just closed on a two-building portfolio to a joint venture between Douglas Emmett Inc. and the Qatar Investment Authority for $352.8 million, CoStar data show. One of the properties, the 205,700-square-foot Wilshire Palisades building at 1299 Ocean Avenue, traded for north of $1,300 per square foot, sources said新爱上海同城对对碰论坛