Blackstone Keeps Selling

The Blackstone Group is nearing a deal to sell Equity Office properties in Seattle and Washington D.C. to Beacon Capital Partners of Boston, according to The Wall Street Journal. The deal would be worth roughly $6.5 billion, and would follow a reported agreement whereby Blackstone would sell Equity Office's New York office buildings to Macklowe Properties for around $7 billion. Equity Office shareholders on Wednesday approved a $55.50 per share bid from Blackstone, in what will be the largest leveraged buyout in history. www.blackstone.com