27 septembre 2013 ~ 0 Commentaire

Why Century City Ranks Among The Worst Real Estate Deals In Hollywood History

Why Century City Ranks Among The Worst Real Estate Deals In Hollywood History

Peter Rose , a spokesman for New York-based Blackstone, declined to comment. The fundraising progress was reported earlier today by PEI Medias PERE, a publication focused on private real estate investing. Blackstone is preparing for a growing series of real estate sales through 2014, taking advantage of rebounding value in hotels and commercial property following the global recession, Tony James , the firms president, said in July. The firm is working on public offerings of Hilton Worldwide Holdings Inc. and Extended Stay America Inc., and last month agreed to sell its stake in Londons Broadgate office complex to Singapores sovereign-wealth fund for more than 1.7 billion pounds ($2.7 billion). Blackstones real estate unit spent $3.5 billion of its funds money in Europe last year because the distress there is creating very interesting opportunities, Jonathan Gray , global head of real estate, said earlier this year.
For the original version including any supplementary images or video, visit http://www.bloomberg.com/news/2013-09-25/blackstone-said-to-gather-2-billion-for-real-estate.html

4 issue of The Hollywood Reporter magazine. Today, it is hard to imagine Los Angeles, and Hollywood in particular, without Century City. The town’s apex of wheeling-and-dealing, the 260-acre area just here. east of the 405 is now home to the glittery headquarters of entertainment companies, from top agencies like CAA to A-list law firms such as Ziffren Brittenham. PHOTOS: Century City at 50 But before the ribbon was cut on the first Century City tower 50 years ago on Sept. 25, it was all just fiction — the harebrained idea of Fox studio executives who, cash-strapped during the runaway $44 million budget production of Cleopatra, set out to sell the studio’s backlot to be redeveloped into a bold mix of retail, entertainment and residential buildings.
For the original version including any supplementary images or video, visit http://movies.yahoo.com/news/why-century-city-ranks-among-worst-real-estate-050000814.html

Laisser un commentaire