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RE Rumor Mill: Blackstone, WeWork, PMC

By Kaitlin Ugolik (May 14, 2014, 5:26 PM EDT) -- Blackstone Group LP has reportedly renewed and expanded its lease at 345 Park Ave. in Manhattan. The New York Post reported that the private equity giant has bolstered its space at the property by 38,846 square feet, reaching 489,495 square feet. Property owner Rudin Management Co. Inc. negotiated an extension with Blackstone that will keep the firm there until 2027, according to the Post, which reported that the transaction also comes with future expansion rights....

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