Blackstone to Acquire Gramercy Property Trust in $7.6B Transaction, Seller Owns Nearly 1MM SQFT in Bay Area

(EDITOR'S NOTE: Blackstone Real Estate Partners VIII, which is making the acquisition, is a-$15.8 billion opportunity fund that Blackstone closed in October 2015, according to sources familiar with the transaction. Blackstone declined to comment when contacted about the transaction. Gramercy owns 976,884 square feet in the San Francisco Bay Area and 433,199 square feet in […]