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Allied Properties To Acquire Mixed-use Vancouver Asset
The REIT is buying an office and retail building at the intersection of the city’s CBD and Gastown neighborhood. : Allied Properties Real Estate Investment Trust, a Toronto-based owner, manager and developer of urban workspaces, is buying 375 Water St., a mixed-use building in Vancouver, Canada, and funding the acquisition with proceeds on a long-term basis from the sale of a non-managing undivided 50 percent interest in two fully stabilized properties from its Montreal portfolio. The closing is expected in … Full investment news article
The Howard Hughes Corporation® Sells Newly-opened Md Anderson The Woodlands Medical Building | Benzinga
THE WOODLANDS, Texas, March 18, 2020 /PRNewswire/ -- The Howard Hughes Corporation® (NYSE:HHC) announced today the sale of the 208,000-square-foot building in The Woodlands® that is home to MD Anderson The Woodlands at a price of $115 million. With net proceeds of $64 million, the sale marks a gain of $52 million on a cash basis and is expected to result in a gain of approximately $39 million on a GAAP basis. Full investment news article
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