GE Close to Real Estate Sale to Blackstone, Wells Fargo

April 9, 2015 8:07 PM

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GE Close to Real Estate Sale to Blackstone, Wells Fargo

Blackstone Group LP and Wells Fargo & Co. are nearing a deal to buy a real estate portfolio from General Electric Co. worth as much as $30 billion, according to a person with knowledge of the matter.

An agreement may be reached as soon as tomorrow, said the person, who requested anonymity because discussions are still ongoing. Representatives for GE, Wells Fargo and Blackstone declined to comment.

Also read: Three Upper East Side Buildings Ask a Reduced $78.95 Million

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