National Commercial Real Estate News From CoStar Group
Flush With Cash and Making Deals, Investors from South Korea, Norway Targeting U.S. Real Estate
A pair of recent high-priced investment property sales illustrate the growing interest from cross-border capital in U.S. commercial real estate.
In the latest acquisition, Oslo-based Norges Bank, Norway’s central bank which administers the Nordic nation’s oil-based Government Pension Fund -- Global (GPFG), agreed to buy a stake in a New York City office trophy office tower for $684 million.
Boston Properties, Inc. (NYSE: BXP) said it will sell...