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Deals Rumor Mill: Blackstone, Onyx, Steinway

By Karlee Weinmann (August 13, 2013, 3:03 PM EDT) -- New York private equity firm The Blackstone Group LP agreed to fork over $2.7 billion for 80 of General Electric Co.'s apartment properties in a deal that will mark its biggest-yet dip into the U.S. multifamily real estate market, according to a Tuesday report from Bloomberg. Blackstone, a premier private equity investor in the real estate sector, is hammering out a deal as rental demand skyrockets across the U.S. Already, in the wake of the foreclosure crisis that tore apart the U.S. housing market, the firm has spent more than $5 billion on 30,000 single-family homes it plans to rent....

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