Blackstone is a major seller in January commercial real estate deals

Skip Navigation Markets Business Investing Tech Politics Video Watchlist Investing Club PRO Livestream Menu Key Points Blackstone appears to be rebalancing its real estate investment trust portfolio, selling off legacy holdings and moving to data centers, high-end apartments and logistics. Its $730 billion sale of Park Avenue Tower showed that while demand is coming back for office, it is only for trophy office and assets at bargain basement prices. A version of this article first appeared in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox. After a promising 2025 for commercial real estate deal volume, this year started with a fizzle. The one standout in January was big sales by Blackstone . Blackstone appears to b