Private equity funds have been among the most active buyers in recent months.
Concerns about downsizing and uncertainty around when many tenants might return to the office definitely impacted office sales investment volumes in the first half of 2020. But the winds may be changing, as the downward spiral on office sales started showing signs of reversal in the third quarter, the most recent period for which final data is available.
That quarter saw a portfolio deal by the Blackstone Group, which agreed to acquire a 49 percent stake in Hudson Pacific Properties’ studio and office portfolio in Los Angeles, including five office buildings with almost 1 million sq. ft. of space. The second largest office portfolio deal in the third quarter was made by Alexandria Real Estate Equities and involved the acquisition of five assets in the Raleigh-Durham Research Triangle for $581 million. According to Nancy Muscatello, managing consultant at CoStar Advisory Services, there were 10 oth
State of Alaska Department of Revenue Purchases 2,181 Shares of Alexandria Real Estate Equities, Inc (NYSE:ARE) forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
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PASADENA, Calif., Jan. 8, 2021 /PRNewswire/ Alexandria Real Estate Equities, Inc. ( Alexandria or the Company ) (NYSE: ARE) today announced the closing of its previously announced underwritten public offering of 6,900,000 shares of the Company s common stock at a public offering price of $164.00 per share, including the 900,000 shares sold pursuant to the exercise in full of the underwriters option to purchase additional shares of the Company s common stock. In connection with the offering, the Company entered into forward sale agreements, between the Company and each of JPMorgan Chase Bank, N.A., Bank of America, N.A., Citibank, N.A., Goldman Sachs & Co. LLC and Royal Bank of Canada (together, the forward purchasers ).
Alexandria said it will keep developing the three-building, 1.8 million-square-foot complex with an eye to office and lab space. | realestate.boston.com