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January 12, 2018  

Blackstone Seeks $1.5 Billion on Willis Tower

Blackstone is seeking to refinance Willis Tower in Chicago less than one year after lining up a $1 billion securitized mortgage from a Goldman Sachs syndicate.The fund operator wants to borrow $1.51 billion, including a $330 million future-funding component to cover renovation expenses. Blackstone plans to kick in another $110 million of equity for the upgrades.Under the proposal, some $1.18 billion would be funded up-front. That would be $160...

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