BlackRock buys real estate advisory firm

Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount.
FEB 11, 2010
Investment manager BlackRock said Tuesday that it bought Helix Financial Group LLC, a commercial real estate advisory firm, for an undisclosed amount. The transaction closed Jan. 15, BlackRock said in a release. AllBridge Investments, an affiliate of Allied Capital Corp., was most recently the lead stake holder in Helix Financial. Helix, based in Charlotte, N.C., will be integrated into BlackRock Solutions, a unit that helps institutions manage capital markets exposures and risks. Since its founding in 2004, Helix Financial has underwritten more than $100 billion in commercial real estate loans, BlackRock said. The company has 120 employees. Shares of BlackRock Inc. rose 67 cents, or 0.28 percent, to $238.76 Tuesday.

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