Transactions reported this week included the sale of a Southern California logistics portfolio and an L.A. office.
Blackstone Group has purchased a 4 million-square-foot portfolio of warehouses, distribution centers and other industrial property for $500 million. The seller was Principal Real Estate Investors, the real estate investment arm of Principal Financial Group.
And an L.A. office sold for $460 million. The name of the asset and seller were not disclosed. The new owners are Israel-based Harel Insurance and Finance Group and U.S. REIT Colony NorthStar.
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