National Commercial Real Estate News From CoStar Group
Hines Global REIT To Buy Campus at Playa Vista
Hines Global REIT agreed to purchase Campus at Playa Vista, a four-building office complex in West Los Angeles, from PV Campus Parcel 3 LP. The deal is valued at $218 million, or nearly $671 per square foot, and is scheduled to close by the end of next month.
Tishman Speyer broke ground on phase one of the campus in the summer of 2008 and delivered four low-rise structures ranging from 73,489 to 101,000 square feet in 2009. The 64-acre property...