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Rent credits, expansions options and rights to terminate are among the ways Class-B landlords are attempting to land tenants.
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Globe Life also acquired two tracts of land totaling around 8 acres as part of the transaction.
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Nationwide, life sciences properties are 23% vacant on average.
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2024 is the year of the Chinese 3PL as consumers clamor for cheap goods, tariffs hover and other leasing slows down.
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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.
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The equity would be part of a $214M capital stack for the apartments and townhouses.
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Regional malls, industrial REITs and office landlords were among the hardest hit in the nationwide sell-off.
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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.
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Wells Fargo had been trying to sell the projects prior to pursuing foreclosure.
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Affinius Capital provided more than $200M for a Brickell apartment project set to begin construction next year.
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