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LOWELL, MA—Nearly six months after their purchase of the 1.2-million-square-foot property, Cross Point ownership reports that audio solutions manufacturer Jabra is relocating its North American headquarters to the former Wang office property here.
BETHESDA, MD—The underwriters exercised their option to purchase the additional shares following the REIT's 7.6-million common share public offering earlier this month.
NEWTON, MA—Led by David Hegarty, the healthcare REIT says it has more than enough liquidity to handle its back-to-back portfolio acquisitions of medical office buildings and senior living communities, which total $1.3 billion.
PLAYA VISTA, CA—Clarion Partners completes i|o at Playa Vista, a creative office property formerly named Latitude 34, and signs a 49,000-square-foot lease with Group M.
LOS ANGELES—Chinese investor XLD Group buys the Los Angeles Airport Marriott Hotel from DiamondRock, who purchased the Torrance Marriott Hotel last year, and is expected to make $15 million in improvements.
LOS ANGELES—The multifamily investment firm promotes Lynn Owen to COO to oversee the company's $2.4 billion portfolio, and hires Tom Jackson as director of general contracting, Ryan Hall as asset manager and Jeffrey Price as acquisitions analyst.
SCOTTSDALE-Covering all aspects of the sector, RealShare HEALTHCARE REAL ESTATE brought together experts from across the country to discuss the latest trends in placing capital, the role of REITs in the market, consolidation of hospital systems, convergence, development and design and how the ACA has impacted the industry.
NEW YORK CITY—The online grocer is building a 500,000-square-foot facility at the Harlem River Yard, which will house its corporate headquarters, as well as its food manufacturing and distribution facility.