Thursday, May 24, 2007

Who Cares about LA Real Estate?

Apparently I spoke too soon. Another major portfolio is about to trade in Southern California. Should make headlines sometime mid-next week. $1.5 Billion-plus deal.

Update: Well, I should check GlobeSt before I post from now on. They've picked up the story already (apparently just posted, because it wasn't even in the PM Alert sent at 4:40 PM ET) that a GICSA affiliate is purchasing the old Arden SoCal Portfolio for about $1.5 billion.

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