4 Financial Stock Stories to Take to the Bank
The Blackstone Group (NYSE:BX): Current price $18.85
Blackstone purchased nearly 8,000 apartments in Germany last year, mostly in Berlin, but now it wants to sell them so as to profit from soaring property prices there, according to two inside sources, who also revealed that the aggregate value of the properties is roughly €400 million. New York based-Blackstone bought the homes after the owner, Level One, defaulted on its debt. One of the largest real estate winners has been Berlin apartments, with values jumping by 8 percent in 2012, says data compiled by the online broker ImmobilienScout in that city.
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