SL Green and Partners Recap Large West Coast Office Portfolio

SL Green Realty, which refers to itself as New York City's largest office landlord, has teamed up with an affiliate of Blackstone Real Estate Partners, Gramercy Capital and Square Mile Capital Management to jointly recapitalize a 31-property, 4.5-million-square-foot office portfolio in Southern California. Following the recapitalization, Blackstone is now the majority owner of the venture.

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