Blackstone Strikes $1.6 Billion Student Housing Deal With KKR
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Latest Videos
The information you requested is not available at this time, please check back again soon.
Blackstone Inc. agreed to sell a student-housing portfolio to KKR & Co. for $1.64 billion.
Adler Group SA has reached an agreement in principle with some bondholders on another overhaul of its debtload, as the embattled German real estate firm struggles to sell properties and raise liquidity.
Czech real estate billionaire Radovan Vitek is doubling his asset-sale target, in a bid to curb debt after a buying spree that made him one of Europe’s largest landlords.
It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.
Jun 26, 2019
Bloomberg News
,(Bloomberg) -- Forever 21 Inc. has added investment bank Lazard Ltd. and law firm Kirkland & Ellis to its roster of advisers as the fashion chain tries to turn itself around, according to people with knowledge of the situation.
The retailer is looking for ways to avoid becoming another victim of an industry slump that has seen a series of chains shutter stores or go out of business. A spokeswoman for Forever 21 declined to comment. Representatives for Lazard and Kirkland & Ellis didn’t provide comment.
Forever 21 operates more than 800 stores in the U.S., Europe, Asia and Latin America, mainly in the U.S. It rents mall space from Macerich Co., Taubman Centers Inc., Simon Property Group Inc. and the Pennsylvania Real Estate Investment Trust, among others, according to filings.
To contact the reporters on this story: Eliza Ronalds-Hannon in New York at eronaldshann@bloomberg.net;Lauren Coleman-Lochner in New York at llochner@bloomberg.net
To contact the editors responsible for this story: Rick Green at rgreen18@bloomberg.net, Dan Wilchins, Kelsey Butler
©2019 Bloomberg L.P.