REITs
Hines Purchases LA’s 325 KSF Campus at Playa Vista for $218M
Hines Global REIT Inc. has added the Campus at Playa Vista, a 325,000-square-foot office complex in the Playa Vista neighborhood of West Los Angeles, to its portfolio.…
American Campus Communities Breaks Ground at Princeton
American Campus Communities has begun construction on a 325-unit faculty and staff housing project at Princeton University, its second development at the New Jersey school but the REIT’s first that’s not for students.…
Chambers Street Announces Planned NYSE Listing
Less than a month after telling shareholders it was exploring ways to provide a “liquidity event,” Chambers Street Properties made it official, announcing it intends to list its common shares on the New York Stock Exchange. …
DLA Piper Special Report: CMBS Back, REITs Up, Liquidity Plentiful in Capital Markets
Speaking at the DLA Piper 11th Global Real Estate Summit in Chicago yesterday, industry movers and shakers remained only cautiously optimistic about the future of commercial real estate, despite several indicators pointing to a rebirth of the field.…
Behringer Harvard, CT Realty Sell Inland Empire Industrial Asset
Behringer Harvard and CT Realty had completed their strategy of increasing occupancy at the property, which the joint venture acquired in 2010.…
Seeking to Boost Transparency, IPA Issues Standards for Non-Traded REITs
The Investment Program Association contends that the guidelines will boost confidence in non-listed investment vehicles by providing greater uniformity to financial reporting and valuation. …
KBS Strategic Opportunity REIT Ropes in 500 KSF Austin Portfolio
KBS Strategic Opportunity REIT has increased its office holdings in Austin to approximately 1.5 million square feet with the acquisition of the Austin Suburban Portfolio, a group of three office properties totaling 518,000 square feet.…
Hines Global REIT Buys 510 KSF Office Center in Boston Suburb
Hines Global REIT has acquired Riverside Center, a 510,000-square-foot, three-building office complex in the Boston suburb of Newton, Mass., from Equity Office Properties for $197 million.…
REIT Wars: ARCP vs. CCPT III
The war of words between American Realty Capital Properties and Cole Credit Property Trust III continues to get more heated with each side issuing statements detailing why their proposals about the future of CCPT III are best for stockholders.…
Chambers Acquires Interests in 17 JV Assets from Duke Realty
Chambers Street Properties has acquired the remaining interests in 17 properties it owned in a JV with Duke Realty for a reported $98.6 million as Duke continues to divest many of its office holdings to focus more on industrial assets. …
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