Transactions reported this week included the sale of an office in Santa Monica, Calif., and an apartment portfolio.
Boston Properties and Canada Pension Plan Investment Board formed a joint venture and completed the acquisition of Santa Monica Business Park in the Ocean Park neighborhood of Santa Monica, Calif., for a purchase price of approximately $627.5 million, including $11.5 million of seller-funded leasing costs after the effective date of the purchase and sale agreement.
And in one of the largest affordable housing deals of the year, Related Cos. has closed on the acquisition of 7,837 units from Apartment Investment and Management Co.
Related Affordable, the affordable housing division of Related Cos., first announced plans to purchase Aimco’s asset management portfolio and a
