Equity Office Properties Trust
Encyclopedia
Equity Office Properties Trust, formed in 1976 by Samuel Zell
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_JiItFQ6kRk&refer=home and headquartered in Chicago, Illinois, was the largest owner of office buildings in the United States
until the Blackstone Group
acquired them in February 2007 for $23 billion plus the assumption of $16 billion in debt. The acquisition was one of the largest leveraged buyout
s.
Samuel Zell
Samuel "Sam" Zell is a U.S. business magnate. He is Chairman of Equity Group Investments, L.L.C. , a private, entrepreneurial investment firm he founded more than 40 years ago...
http://www.bloomberg.com/apps/news?pid=20601087&sid=a_JiItFQ6kRk&refer=home and headquartered in Chicago, Illinois, was the largest owner of office buildings in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
until the Blackstone Group
Blackstone Group
The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
acquired them in February 2007 for $23 billion plus the assumption of $16 billion in debt. The acquisition was one of the largest leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
s.
Notable properties
- Chase Tower (Indianapolis)Chase Tower (Indianapolis)Opened in 1990 near Monument Circle in Indianapolis, the Chase Tower is the tallest building in Indianapolis. It surpassed the AUL Tower in Indianapolis for the distinction...
- Chicago Civic Opera House
- Columbia CenterColumbia CenterColumbia Center is the tallest skyscraper in the downtown Seattle skyline, as well as the tallest building in the State of Washington, and the Pacific Northwest region of North America. It occupies most of the block bounded by Fourth and Fifth Avenues and Cherry and Columbia Streets...
- Frost Bank TowerFrost Bank TowerThe Frost Bank Tower is a skyscraper in Austin, Texas, United States. Standing 515 feet tall with 33 floors, it is the third tallest building in Austin, behind The Austonian and the 360 Condominiums. It was developed by Cousins Properties from November 2001 to December 2003 as a class A...
- One Worldwide PlazaOne Worldwide PlazaOne Worldwide Plaza is part of a three-building, mixed-use commercial and residential complex completed in 1989, in the New York City borough of Manhattan, known collectively as Worldwide Plaza. One Worldwide Plaza is a commercial office tower on Eighth Avenue...
- Southeast Financial Center
- Washington Mutual Tower
- Ferry BuildingFerry BuildingThe San Francisco Ferry Building is a terminal for ferries that travel across the San Francisco Bay and a shopping center located on The Embarcadero in San Francisco, California. On top of the building is a large clock tower, which can be seen from Market Street, a main thoroughfare of the city...