Blackstoneearlier this year in a $39-billion cash transaction.
In its typical understated style, Beacon Capital has been sparsein the details it has provided about its acquisition here. Thepurchase price has not been released, although a source tellsGlobeSt.com that Beacon was under contract to acquire theWashington, DC/Northern Virginia and Seattle EOP assets fromBlackstone for $6.5 billion.
With what is arguably the largest third-party office leasingmanagement contract ever to be awarded in the District under itsbelt, Cassidy & Pinkard Colliers is in the process ofevaluating what can be done to bring value to the 97%-occupiedportfolio.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
