Blackstone Inc. is nearing a deal to acquire luxury apartment rentals in downtown Manhattan, the firm’s latest wager on the resilience of New York real estate.
The property giant is in advanced talks to acquire a residential tower at 8 Spruce St. from Brookfield Asset Management Inc. and Nuveen for $930 million, according to people familiar with the matter. It’s also nearing the purchase of a 49% stake in One Manhattan West, a trophy office building developed by Brookfield, in a deal that values the Hudson Yards-area property at $2.85 billion.
Representatives for Blackstone and Brookfield declined to comment.
In many ways, the deal for 8 Spruce
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