Blackstone Inc. is said to be in advanced talks to acquire Retail Opportunity Investments Corp., a company that specializes in owning and managing shopping centers across the United States.

Sources familiar with the discussions suggest that a deal could be finalized in the coming weeks if the talks progress successfully. This potential acquisition highlights Blackstone's ongoing interest in the retail real estate sector, which has been facing various challenges and opportunities in the current economic landscape.

Retail Opportunity Investments Corp. has been a significant player in the market, and this move could have a significant impact on the dynamics of retail property ownership in the U.S.