Rent credits, expansions options and rights to terminate are among the ways Class-B landlords are attempting to land tenants.
Globe Life also acquired two tracts of land totaling around 8 acres as part of the transaction.
Nationwide, life sciences properties are 23% vacant on average.
2024 is the year of the Chinese 3PL as consumers clamor for cheap goods, tariffs hover and other leasing slows down.
After six months of growing momentum, the pace of rent growth slowed from March through May, but investors expect strong fundamentals to lead to future profits.
The equity would be part of a $214M capital stack for the apartments and townhouses.
Regional malls, industrial REITs and office landlords were among the hardest hit in the nationwide sell-off.
Energy company Aramco Americas renewed its 173K SF lease at Allen Center. It is the second-biggest energy company renewal at the complex within six months.
Wells Fargo had been trying to sell the projects prior to pursuing foreclosure.
Affinius Capital provided more than $200M for a Brickell apartment project set to begin construction next year.
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