Real Estate Rumors: Blackstone, Lexington, Pace Editions

By Andrew McIntyre (February 23, 2017, 5:37 PM EST) -- A venture of The Blackstone Group LP and Fairstead Capital has sold a New York Kips Bay rental building for $52 million to A.D. Real Estate Investors, The Real Deal reported on Wednesday, citing sources with knowledge of the matter. The deal is for 312-316 E. 30th St., an 18-story, 56,750-square-foot building, The Real Deal said. The building is market rate and A.D. Real Estate plans to renovate the property, according to the report....

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