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In 1992, Gray joined Blackstone's mergers and acquisitions and private equity group, [6] and joined its newly formed real estate private equity group the following year. He became co-head of the real estate group in 2005 and global head of real estate in 2011, [7] overseeing a portfolio of hotel, office, retail, industrial, and residential properties in the U.S., Europe, and Asia.
Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with US$400,000 (equivalent to $1.1 million in 2023) in seed capital. [2]: 45–56 [3] The founders derived their firm's name from their names: "Schwarz" is German for "black"; "Peter", "petros" (πέτρος, masculine), or "petra" (πετρα, feminine) means "stone" or "rock" in Greek.
The following year, in March 2008, The Blackstone Group acquired GSO for approximately $1 billion. [4] Blackstone paid GSO $620 million in cash and stock and the GSO team also received an earnout worth up to $310 million through payable over the subsequent five years, based on certain earnings targets. Blackstone had existing relationships with ...
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These flat-top griddle cooking stations, like the Blackstone Adventure Ready 2-Burner 28", have become the hottest new item to hit backyards in the last year. Blackstone $197 $227 Save $30
In the early 1950s the steam engine was replaced by an eight-cylinder four-stroke diesel engine manufactured in 1946 from Blackstone with an output of 288 hp. The following decade the ship changed owner a couple of times and in 1962 the ship was foreclosed by Statens Fiskarbank and in August 1963 it was sold again.