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16 Things You Need to Know This Morning

16 Things You Need to Know This Morning
Office Owners Columbia Property Trust,
Allianz Real Estate Form $1.3B JV
Two major Class-A office owners are teaming up to acquire properties in gateway markets. Columbia Property Trust and Allianz Real Estate have formed a joint venture to buy office assets and increase their presence in core markets. The companies have made initial contributions of three properties in Palo Alto, San Francisco and Manhattan totaling $1.3B. 

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