The Blackstone Group has agreed to sell a portfolio of West Coast office properties to Arden Realty as the private equity firm continues its massive sell-off of assets in non-core markets. Although the purchase price was not disclosed, news reports have pegged the sale price in excess of $2 billion (€1.5
Manifest destiny
Arden Realty has purchased a $2bn portfolio of assets from The Blackstone group as the office player looks to boost its presence on the west coast.
