Hines Scoops Up $218M Tech-Haven LA Offices From Tishman

Law360, New York (May 15, 2013, 4:32 PM EDT) -- A real estate investment trust of Hines has closed on a deal — estimated at about $218 million — to purchase from Tishman Speyer Properties LP an office complex in West Los Angeles filled by several high-profile technology companies, it announced Wednesday.

The deal, made by Hines Global REIT Inc., gives the company a relatively newly built set of Class A office towers in a tight submarket. The property, dubbed Campus at Playa Vista,  boasts a 97 percent lease rate and a roster of tenants including...
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