Real Estate Rumors: Blackstone, Relevant Group, Bacardi

July 19, 2022 Admin

By Andrew McIntyre (July 19, 2022, 6:24 PM EDT) — Empire Capital Holding has a deal to buy a Manhattan office property from Blackstone Group and RXR for roughly $325 million, Commercial Observer reported on Tuesday, citing a source with knowledge of the matter. The deal is for 1330 Avenue of the Americas, a 40-story building that RXR and Blackstone had hoped to sell for $350 million, according to the report.

Developer Relevant Group is in talks with multiple parties to sell a stake in a downtown Los Angeles hotel project, The Real Deal reported on Tuesday, citing sources with knowledge of the matter. The company is in talks to sell…

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