Deal Summary During 2004, New Pacific Realty Corporation (NPRC) acquired 8 acres of land underlying the Beverly Hills Robinson's-May from Equitable Life Assurance Society for $33.5 million.  At the time of the transaction, the 240,000 SF department store and accompanying 1,100- car parking structure that were situated on the 8-acre parcel were owned by May Department Stores, … Continue reading The Story and Lessons behind New Pacific Realty’s Acquisition and Sale of the Beverly Hills Robinson’s-May for a $450 Million Profit

Introduction to Part 2:  The Selloff, Ownership Process, and Aftermath First off, this blog post is the second post in a series of two posts about Blackstone's 2007 buyout of Equity Office Properties.  The first post can be accessed via the following link: How Blackstone Tripled its Initial Investment through its 2007 Buyout of  Equity Office Properties - … Continue reading How Blackstone Tripled its Initial Investment through its 2007 Buyout of Equity Office Properties – Part 2: The Selloff, Ownership Process, and Outcome