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"I would have killed most of Equity to get the part".
Without even taking possession of the buildings, Blackstone sold most of Equity Office's portfolio in Manhattan to Mr. Macklowe in the transaction that is now raising questions.
After the Blackstone Group, a private equity powerhouse, beat back Vornado to take over Equity Office with a $39 billion bid, Blackstone quickly decided to sell most of Equity Office's Midtown Manhattan buildings without taking possession of all of them.
It sold most of Equity's New York buildings but held on to 1095 Avenue of the Americas.
Similar(55)
At first glance, the tables defy most notions of equity; the more needs a family is likely to have, the less well it fares.
And the hedge comes for me in the most unloved of equity sectors – Europe, or Old Europe, according to Donald Rumsfeld's infamous putdown.
Most studies of equity have been within specialist services with few analysing equity of entry into those services at an early stage of presentation.
The type of investment that the continent currently does attract has limited developmental benefits, Salimonu argues: "Most of the equity that comes in is private equity, and that's not investment; that's extraction.
Well, the house and its equity stand behind the loan, and borrowers can't tap all or even most of the equity in many instances anyway.
Under the plan, creditors, including a General Electric unit and Deutsche Bank, will have most of the equity.
The state owns most of the equity of China's large banks.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com