Real Estate

Blackstone moves closer to 44 Wall buy after Swig settlement

therealdeal.comKent Swig and Asher Zamir settled their lawsuit against the majority owner of 44 Wall Street Monday, clearing a major hurdle towards the building’s pending sale to the Blackstone Group.

Blackstone Real Estate Partners IV, a European real estate fund managed by Blackstone , quietly went into contract to buy the 289,000-square-foot office building from Norwegian investment firm Obligo in July. The deal was part of a $2.7 billion real estate portfolio sale of Obligo assets in Scandinavia, Latvia, Germany and the U.S. Blackstone’s pending purchase of 44 Wall Street hasn’t been reported until today.

Categories: Real Estate

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