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Blackstone Increases Offer to Buy Japanese Firm With Extensive DC Office Portfolio

Investment Giant Raises Bid for Unizo to $1.75 Billion in Hopes of Topping Rival Offer
Unizo's D.C. portfolio includes the CNN building at Union Center Plaza in Northeast Washington. (CoStar)
Unizo's D.C. portfolio includes the CNN building at Union Center Plaza in Northeast Washington. (CoStar)
By Bryce Meyers
CoStar News
January 29, 2020 | 9:52 P.M.

The Blackstone Group is submitting an eleventh-hour proposal in hopes of putting itself back in the lead to buy Unizo Holdings and its Washington, D.C., office portfolio after a surprise bidder emerged last month and took the upper hand.

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