Blackstone defaulted on the $308 million mortgage on its Manhattan office tower more than a year ago and the debt is now up for sale again at a more than 50% discount.
Doubling efforts to thaw the global biotech capital freeze, the U.S. branch of Shanghai-based Fosun Pharmaceutical Group Co. Ltd. will ramp up investment into U.S. clinical-stage assets through a new joint investment vehicle with American health care advisory firm Treehill Partners.
Blackstone gave two former Walt Disney execs over $1 billion to build the next hit entertainment hub, but the investment which was dished out, in part, to Reese Witherspoon's media ventures has delivered less-than-lackluster returns so far this year.