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Addison data firm relocates to West Plano.
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With $2.2B in cash, PIMCO has agreed to purchase Columbia Property Trust in a major bet on the long-term health of urban core office buildings.
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Chinese property debt is a threat to the U.S. economy, the Federal Reserve says.
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The default comes two weeks after Columbia sold a New York building for a $10M loss.
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The New York-based firm has already deployed 15% of the money raised in the fund with 10 investments.
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Ares Industrial Real Estate Income Trust acquired the 199K SF distribution property in Taunton, plus other top transactions in Greater Boston CRE.
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The U.S. REIT management teams that are overpaid and underpaid.
Around 50 employees and a handful of assets will be transferred from Columbia Property Trust to a new company, according to a release.
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The Pasadena-based buyer paid less than the average per-SF price.
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Brookfield Properties' losses have reduced as valuation drops slow
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