Deals
Blackstone Plans to Sell San Francisco's Ferry Building
- Ferry Building, 2 other properties last of mega deal remnants
- Firm said to be tripling money after bumpy, post-crash ride
The Ferry Building in San Francisco, California.
Source: UIG via Getty ImagesThis article is for subscribers only.
The largest real estate buyout of all time is set for its final chapter as Blackstone Group LP moves toward selling San Francisco’s landmark Ferry Building and two other properties.
The waterfront icon, with its soaring clock tower modeled on the 12th-century Giralda bell tower in Seville, will go on the sales block in coming weeks, a decade after Blackstone’s $39 billion purchase of Equity Office Properties Trust, said Christine Anderson, a spokeswoman for the private equity firm.