Friday, February 19, 2010

Blackstone Betting On Retail Real Estate
Here is a Bloomberg article stating that Blackstone may assist Simon Property in its attempt to acquire regional mall owner General Growth.  The article also states that Blackstone is forming a joint venture with Glimcher Realty Trust for malls in Portland, OR and Tampa, FL.   Retail real estate was hard hit in the real estate downturn and it looks like investors are staring to return.