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Summary List PlacementSidra Capital, a Saudi asset management and private equity firm, purchased a suburban Philadelphia life sciences and healthcare campus in a recapitalization deal that valued the property at $225 million. Spear Street Capital, a real estate investment firm, will retain a 10% minority interest. The deal was brokered by JLL.  The five-building, 855,600 square foot Arborcrest facility was completed in two phases,...

Blackstone, the world's largest corporate landlord, has $46 billion of dry powder allocated for real estate, as the pandemic commercial real estate shakeout begins. Global co-head of real estate Ken Caplan spoke with Business Insider about how the firm is thinking of investing its money in the post-lockdown landscape.  Logistics, already the biggest part of Blackstone's portfolio, remains a major opportunity, even as others...

Benefit Street Partners is attempting to selling $80 million of distressed debt it holds against the Williamsburg Hotel in Brooklyn. The sales effort is one of the first signs that lenders of souring hotel property debt could seek to part with troubled loans, handing them off, potentially at a discount, to opportunistic buyers.  Hotel occupancy and room rates have fallen precipitously amid the coronavirus...