Tag Archives: REIT

Cole Agrees to Pay Hines $24M for Fully Occupied Office Building in San Jose

A subsidiary of Cole Office & Industrial REIT (CCIT II), Inc. has entered into an agreement with REIT Hines to acquire the 83,841 square foot single-tenant office building at 880 Ridder…

Hines Agrees to Sell One Wilshire in Los Angeles in $550M Deal

Affiliates of Houston-based REIT Hines have agreed to sell the One Wilshire building at 624 S. Grand Avenue in Los Angeles, and 2200, 2222 and 2230 East Imperial Highway in…

KBS Agrees to Pay $33.6M for Millennium Apartment Homes in SC

A subsidiary of KBS Legacy Partners Apartment REIT, Inc. has entered into an agreement to acquire the Millennium Apartment Homes, an apartment complex with 305 units on 32.9 acres of…

REIT Pays $48.75M for Schlumberger Technology Mission Critical Facility in Houston

Griffin Capital Essential Asset REIT, Inc. has acquired a six-story, 149,700 rentable square foot office building in Houston, TX, for $48.75 million plus closing costs. The asset is 97 percent…

Rego Park in Queens May Get 250,000 SF Residential Development

Alexander’s, Inc., a real estate investment trust managed by New York-based Vornado Realty Trust, is evaluating plans to construct an apartment tower above its Rego Park II shopping center in…

Kite Realty Group Trust Reports Two Off-Market Transactions

Kite Realty Group Trust, an Indianapolis, IN-based REIT focused on neighborhood and community shopping centers, has agreed to acquire a 224,000 square foot shopping center in the Nashville, Tenn. metropolitan…

BioMed Agrees to Pay $640M for Wexford Portfolio

BioMed Realty Trust, Inc. has entered into a definitive merger agreement to acquire Baltimore-based Wexford Science & Technology, LLC for $640 million. As part of the merger, BioMed will acquire…

REIT Parkway to Spend $139.3M for Majority Interest in Four Buildings

Orlando-based REIT Parkway Properties, Inc. (NYSE:PKY) has entered into an agreement to acquire its co-investor’s 70 percent interest in three office properties in the Westshore submarket of Tampa, FL owned…

Molina Healthcare Signs 190,000 SF Lease in Long Beach, CA

Molina Healthcare, Inc. has entered into a lease with 6th & Pine Development, LLC for office space in Long Beach, California. The lease consists of two office buildings: • an…

Howard Hughes Corp: Merriweather Post Pavilion to Provide Central Park-like Setting for 4M SF of Development

The Howard Hughes Corporation (NYSE: HHC) reported Friday that it intends to propose an initial Final Development Plan to the Howard Co., MD planning department this year for the huge…