Warehouses, strip malls, motels, and now suburban offices. Blackstone's (BX) tastes have clearly...


Warehouses, strip malls, motels, and now suburban offices. Blackstone's (BX) tastes have clearly shifted from trophy properties. Its latest deal is an $85M investment in a portfolio of suburban California office buildings previously controlled by SL Green. The move values the assets at $850M, a bit more than half of what they sold for in 2007.

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