DEALS & PROJECTS

Lexington Properties has sold a six-story, Class-A office building at 9300 Wilshire Blvd. in Los Angeles. The buyer, RP Properties, paid approximately $11 million, or $188 per sq. ft. The building, located near Beverly Hills Triangle, is 95.8% occupied. Madison Partners represented the buyer. The building has 58,484 sq. ft. of space on 16,409 sq. ft. of ground leased land. RP Properties will manage the property, and Madison Partners will assist with leasing.

Article Tools

Latest News

More Latest News

Gables Residential has signed a 10-year lease for 21,000 sq. ft. — a full floor — at The Lenox Building in Atlanta's Buckhead submarket and plans to move its headquarters to the tower this fall, according to PM Realty Group, which leases space in the 20-story, 350,000 sq. ft. Class-A tower. Gables Residential is a private REIT that owns 72 apartment communities with 18,000 units. It manages more than 20,000 apartments for third-party owners.

Healthcare Trust of America, Inc., a non-traded REIT, has completed the $162.8 million acquisition of a 16-building portfolio from Greenville Hospital System (GHS)based in Greenville, S.C. Healthcare Trust of America was formerly known as Grubb & Ellis Healthcare REIT. As of Sept. 15, it has made 46 different acquisitions valued at approximately $1 billion, based on purchase price. The REIT's portfolio totals about 6.4 million sq. ft.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

New York's Star Deals

http://nreionline.com/images/nyc_big_deals_homepage_thumb.jpgThe city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-

Videos

NREI TV at the MBA CREF 2012 Conference

http://nreionline.com/video/mba2012_david_thumbnail.jpgCheck out these videos of NREI Editorial Director David Bodamer speaking with industry experts from Atlanta.

 

Click here to view more videos.


Blogs


http://nreionline.com/blog/schein_blog_headshot.jpg

Real Vox

Traffic Court

The Full Nelson

Events

Strategic Real Estate Investment Conference

Date: Thursday, June 7, 2012
Time: 7:45AM-6:00PM
Place: 1290 Avenue of the America, 5th Floor
What: A full-day event exploring portfolio diversification through opportunistic and alternative investments....

Click here to view more events...

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

http://nreionline.com/april2012_cover.jpg

NREI Newsletters



Retail Traffic Newsletters

View NREI Newsletters

NREI Newsline
NREI Seniors Housing Finance and Development
NREI The Green Sheet
NREI Institutional Outlook
NREI Distressed Real Estate Strategies
NREI Daily/Central
NREI Daily/New York
NREI Daily/New Jersey
NREI Weekender
NREI Global Real Estate Monitor
REIT Insider
Retail Traffic Online
The Site Optimizer

Join the Conversation