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Monday, November 17, 2014

Blackstone to sell Manhattan skyscraper for about $2.25 billion -WSJ, (NYSE: BX)

Blackstone Group LP has reached a deal to sell a Manhattan office tower for about $2.25 billion to a venture led by Canadian property investor Ivanhoe Cambridge, the Wall Street Journal reported, citing people familiar with the terms of the sale. The deal for the 1095 Avenue of the Americas building, if completed, would represent the second most expensive sale of an individual office building in U.S. history, the Journal reported. (

The Blackstone Group L.P. (Blackstone) is a manager of private capital and provider of financial advisory services. Shares of BX traded higher by 0.5% or $0.16/share to $32.02. In the past year, the shares have traded as low as $26.15 and as high as $36.08. On average, 4765080 shares of BX exchange hands on a given day and today's volume is recorded at 3330602.