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HOUSTON-With the approval in hand, Hines REIT is ready to launch on an initial offering of 200 million shares. The sale is projected to generate up to $2.2 billion in equity with a buy-in minimum of $2,500.
MEXICO CITY-A group of institutional investors led by CalPERS and the British Columbia Investment Management Corp. acquires 52 industrial properties and one office building totaling 5.6 million sf from the publicly traded Mexican real estate company G. Accion, which will provide property management services.
HOUSTON-With the approval in hand, Hines REIT is ready to launch on an initial offering of 200 million shares. The sale is projected to generate up to $2.2 billion in equity with a buy-in minimum of $2,500.
HOUSTON-National Office Partners has hit the streets in search of a buyer, buyers or JV partners for 13 class A properties, valued at $2.1 billion to $2.3 billion. The CalPERS-Hines partnership is churning the portfolio to amass capital for a buying spree.
CHICAGO-Offering further proof that more is learned during tough times than runs of good fortune, J. Paul Beitler recalls "the worst year of my life" with Real Estate Media editor-in-chief Michael Desiato as well as developments thwarted by unpredictable events.
MIAMI-Two new class A properties there are 80% to 95% leased, while sublease space is being absorbed, a new CB Richard Ellis report states. Leasing activity Downtown has been slower in the past six months.
SAN LUIS POTOSI, MEXICO-Parque Logistico will be built out over the next seven years on land adjacent to the NAFTA Highway. The 1,000-acre project is 300 acres more than Hines has developed in Mexico over the past 30 years combined.
LOS ANGELES-The Atlanta-based REIT names PM Realty Group to manage more than 486,000 sf of class A office space, boosting PM's Wells assignments in Southern California to 1.2 million sf.
CAMBRIDGE, MA-Riverfront Office Park leases up more than 200,000 sf over the past nine months. The 665,000-sf office park was acquired by Hines on behalf of the National Office Partners Limited Partnership in 2000. It consists of two buildings located along the Charles River.