"History is a wonderful thing, if only it was true"
-Tolstoy

Monday, November 20, 2006

Blackstone Acquiring Trust in Richest Buyout - New York Times

Quickie reaction:
Sam Zell selling ... top for commercial RE?
Further move to Private Equity, away from public markets.

Blackstone Acquiring Trust in Richest Buyout - New York Times:

"The Blackstone Group, a private investment firm, said yesterday that it had agreed to acquire Equity Office Properties Trust, the nation’s largest office-building owner and manager, for about $36 billion."

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