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Blackstone Core+ Funds Sell Premium Office Tower in the Largest Commercial Real Estate Transaction in Seoul’s Major Business District Since 2022

Blackstone announced the closing of the sale of Arc Place, a high-quality Grade A office building in the Gangnam Business District in Seoul, South Korea, to KORAMCO. This marks the largest commercial real estate transaction in Seoul’s major business district since 2022.

Rexford Industrial Acquires Blackstone Industrial Assets in Combined $1 Billion Investment

Rexford Industrial Realty, Inc. (“Rexford Industrial”) (NYSE: REXR), a real estate investment trust focused on creating value by investing in and operating industrial properties located throughout infill Southern California, and Blackstone (NYSE: BX), announced Rexford Industrial acquired approximately 3 million square feet of industrial properties pursuant to separate transactions with Blackstone Real Estate, including the Blackstone Property Partners strategy as well as Blackstone Real Estate Partners and Blackstone Real Estate Income Trust, for an aggregate purchase price of $1.0 billion.

Aligned Data Centers and Blackstone Credit & Insurance Announce Financing

Blackstone Credit & Insurance and Aligned Data Centers, a leading technology infrastructure company offering innovative, sustainable, and adaptive Scale Data Centers and Build-to-Scale solutions for global hyperscale and enterprise customers, announced that Blackstone has provided an initial $600 million senior secured credit facility to support the development of Aligned’s newest and largest data center in West Jordan, Utah.

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