Blackstone plans to spend about $110 million to renovate and lease up the half-empty property, said the person, who asked not to be identified because the deal is private. The seller was a bondholder group represented by CWCapital Asset Management LLC, which foreclosed after developer Robert Maguire defaulted on $395 million of debt in 2009, the person said.
Clifford Bogart CCIM: Contact Me214-704-9862From 8:30 a.m. to 6:30 p.m.
Monday thru Friday
- Follow Commercial Real Estate – Texas on WordPress.com