Kilroy Realty has launched a public offering of 4.5 million shares of its common stock. It will use net proceeds to pay off debt and acquire properties.
Norges Bank Real Estate Management, Norway's sovereign wealth fund, has acquired a 44% stake in two San Francisco offices for $453 million. Kilroy Realty is the owner of the buildings and retains a 56% stake.
Prologis has inked a build-to-suit deal with L'Oreal to develop 270,000 square feet of space for the company in Prologis Park Vemars near Paris. This will be the sixth facility in the park.
Bayview Mortgage Capital is withdrawing its plans for an initial public offering. The mortgage REIT cited poor market conditions.
Canadian Tire hopes to raise $254.9 million in its REIT initial public offering, according to a regulatory filing. The REIT will consist of one distribution center and 255 retail properties in Canada.
Rexford Industrial Realty has filed the paperwork for an initial public offering of its common stock. It expects to raise as much as $300 million.