Wednesday, September 11, 2013

Flush With Cash and Making Deals, Investors from South Korea, Norway Targeting U.S. Real Estate




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...






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