Blackstone Blog
 
28

Jun

2011

Today, on behalf of our investors, we closed on the $9 billion acquisition of Centro Properties’ U.S. assets and platform. Centro is the second largest owner of community and neighborhood shopping centers in the U.S. and a leader in redevelopment. Assets include 585 community and neighborhood shopping centers and related retail assets with an aggregate of 92.1 million square feet across 39 states. (more...)
27

Jun

2011

Q: You mentioned levers that drive performance.  Can you expand on that and maybe give some examples?

A:  Let’s start with revenue growth, which can come from competitive pricing, optimizing marketing expenditures, improvements in sales force productivity, and identifying new market segments and revenue sources.  There is also a big opportunity to help these organizations expand globally. Growth in developing and emerging markets, where Blackstone already has experience and connections,  represents a big growth opportunity in many of these companies.

First, we do a diagnostic analysis and then dive deeply into the customer facing processes and operations, doing customer research, competitive analysis, and sales force ride-alongs to ensure that we understand the drivers of the business. (more...)
23

Jun

2011

Q:  James, in 2010 75% of the companies Blackstone owns on behalf of its investors grew EBITDA and hired approximately 20,000 people.  What made that possible?

A: In early 2007, we took the position that the economy seemed over heated. We then carefully worked with the management teams of the companies we owned on behalf of investors to prepare for and weather the economic downturn. (more...)
22

Jun

2011

Blackstone employees raised more than $932,000 for the 2011 United Way Campaign, bringing the total amount raised by the firm to nearly $4 million since 2001. This year’s record -setting gift was made possible by 100% participation from the firm’s senior managing directors and almost 90% participation from employees in our New York office. (more...)
15

Jun

2011

On June 5th the Blackstone Bike Team completed a 100-mile bike ride around Lake Tahoe in support of the Leukemia and Lymphoma Society.  The 2011 Blackstone Bike Team raised $237,000 for the Leukemia and Lymphoma Society (LLS) bringing the total raised by the firm and its employees since 2008 to over $1,200,000. This year, Team Blackstone was once again the #1 corporate fund raising team and the the largest cycling team. (more...)
02

Jun

2011

A UK news report that appeared on former Blackstone portfolio company Southern Cross was inaccurate and misleading. (more...)
25

Apr

2011

Today, the Blackstone Foundation announced its most recent endeavor – Blackstone Entrepreneurs Network - a project with the potential to create 17,000 jobs in North Carolina.  As part of its $50 million Entrepreneurship Initiative, The Blackstone Charitable Foundation is developing and implementing programs in conjunction with local partners that it hopes will serve as national models for spurring economic growth through entrepreneurship. (more...)
31

Mar

2011

With the recent closing of its most recent debt strategies fund, Blackstone Real Estate Debt Strategies (“BREDS”) commitments now total $3.5 billion.  Blackstone’s Senior Managing Director and Chief Investment Officer of BREDS, Mike Nash, discusses the success of Blackstone’s real estate debt business and its impact on the commercial real estate industry. (more...)
29

Mar

2011

Twenty-nine Blackstone colleagues and friends recently ran the New York City Half Marathon as part of the Team in Training program raising money for the Leukemia and Lymphoma Society (LLS). The team is especially pleased to have been recognized as the Top Corporate Fundraising Team, with over $100,000 raised to support LLS's mission to help identify cures for Leukemia, Lymphoma, Hodgkin’s Lymphoma and Myeloma. This is in addition to more than $1 million raised by Blackstone’s overall efforts since 2008. (more...)
24

Mar

2011

Blackstone’s Tokyo office continues to operate during the difficulties after the earthquake and the tsunami. All Tokyo office employees are in Japan and are at work. (more...)
 

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