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Blackstone Group, L.P.

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  • Institutions turning homes to rentals elsewhere steer clear in Baltimore

    Institutions turning homes to rentals elsewhere steer clear in Baltimore
    For decades, nearly all homes were bought by individuals, but the collapse in prices brought on by the housing crunch and Great Recession attracted large investors looking to make money buying and renting single-family homes.
  • New projects abound in Baltimore's challenging hotel market

    New projects abound in Baltimore's challenging hotel market
    The historic Lord Baltimore Hotel sits a block away from the Sheraton Baltimore City Center, but less than a week after the 1926 landmark celebrated a multimillion-dollar restoration, the owners of the aging Sheraton on Fayette Street warned of mass...

    The week ahead for December 9-15: Hilton IPO; quarterly industrial data; IP changes [Pictures]

    The week ahead for December 9-15: Hilton IPO; quarterly industrial data; IP changes [Pictures]
    (Reuters) - Hilton Worldwide Inc said its initial public offering would raise up to $2.37 billion in the biggest-ever hotel IPO, more than doubling Blackstone Group LP's investment. According to reports last week, Hilton is expected to launch its...

    Sheraton City Center warns of layoffs

    Sheraton City Center warns of layoffs
    The management of the Sheraton Baltimore City Center warned the state Tuesday that it expects to lay off the majority of its workforce by the end of May and the large Fayette Street hotel could close. The notice filed with the Department of Labor,...

    Part one: Zell's big gamble

    Part one: Zell's big gamble
    Aside from the business suit he was wearing, which he joked was rented for the occasion, Sam Zell was never more himself than when he appeared at a New York lender conference in April 2007 to hawk his $8.2 billion buyout of Tribune Co. Slinging one-...