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RE Rumor Mill: Blackstone, Google, Aareal

By Natalie Rodriguez ( December 3, 2014, 1:23 PM EST) -- Private equity giant Blackstone Group LP is reportedly making more than $2 billion in profit from its $8.1 billion sale of IndCor Properties Inc. to affiliates of Singapore sovereign fund GIC Pte. Ltd., according to a Bloomberg report, which cited an unnamed source. Blackstone had formed the portfolio company in 2010 and built it up over the years through a series of industrial property acquisitions. Its sale to GIC was one of a slew of real estate-related deals that the firm has said that it sealed up this week....

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