The biggest year for collateralized loan obligations since 2007 is being propped up by deals managed by Blackstone Group LP and Carlyle Group LP, which started funds that pledge to boost interest rates to entice buyers.
Blackstone Group LP is in talks to sell a west London office development to China Investment Corp., the sovereign-wealth fund that holds stakes in banks and brokerages, a person with knowledge of the matter said.
Investors in Blackstone Group LP’s debut sale of bonds backed by U.S. rental homes are agreeing to accept more risk than in traditional mortgage deals by at least two measures -- along with an unproven business.
Blackstone Group LP’s debut sale of bonds backed by rental homes is paving the way for Cerberus Capital Management LP and Colony Capital LLC as Wall Street creates a new market to expand funding for the industry.
When Ken Duberstein’s secretary told him Michael Dell was on the phone on the afternoon of July 31, there was little doubt about the topic. That morning, Dell Inc.’s special board committee had rejected the latest offer from Dell to take the personal-computer company private, a battle that was dragging into its 11th month.
The frontier of commercial spaceflight, which opened when NASA’s shuttle program ended this month, is taking shape in an unfinished assembly of metal, glass and concrete that resembles a rust-colored stingray burrowed halfway into New Mexico’s desert.
Blackstone Group LP, one of the largest U.S. office owners, bought the Hughes Center complex in Las Vegas for $347 million in a bet on growth in the Nevada economy, said two people with knowledge of the purchase.
Hilton Worldwide Holdings Inc., the hotel operator owned by Blackstone Group LP, filed to raise $1.25 billion in a U.S. initial public offering as lodging shares trade at close to their highest level in six years.