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Blackstone Finalizes $1.2 Billion Refinancing for Life Science Properties, Value Drops for Hughes Center in Las Vegas, Atlanta Office Property in Line for Loan Extension

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The property at 650 E. Kendall St. in Cambridge, Massachusetts, is one of three life sciences facilities backing an upcoming $1.2 billion CMBS deal. (CoStar)
The property at 650 E. Kendall St. in Cambridge, Massachusetts, is one of three life sciences facilities backing an upcoming $1.2 billion CMBS deal. (CoStar)

Blackstone Finalizes $1.2 Billion Refinancing for Life Science Properties: Blackstone Group has finalized the details of $1.2 billion refinancing of a 1.1 million-square-foot life science real estate portfolio on behalf of its BioMed Realty unit.

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