(Save the Date: RealShareOrange County comes to the Hyatt Regency,Irvine, August 16.)
LOS ANGELES-Kilroy Realty announced today thatit has closed on a $97 million fifteen year, non-recoursemortgage loan, only adding to recent acquisition activity onthe West Coast. For instance, Globest.com reported that the REIT purchased two office propertiesin the Lake Union submarket of Seattle and was readying to close ona third in Bellevue by the third quarter. The cost of this venture?A tidy $145 million.
Additionally, the REIT dropped $162 million for theseven-building Menlo Corporate Center – a portfolio that spans374,000-square-foot campus and is set in “the heart” of SiliconValley, as Globest.com recently reported.
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