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Hawaii Real Estate Sales: Jan. 4 – Jan. 8, 2021

For the week of Jan. 4-8 Derived from the state conveyance tax data. Information deemed reliable but not guaranteed. Residential City and County of Honolulu Property Date Price Aiea, Halawa     99-427 Palaialii Way Read More

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For the week of Jan. 4-8Derived from the state conveyance tax data.Information deemed reliable but not guaranteed.ResidentialCity and County of HonoluluPropertyDatePriceAiea, Halawa 99-427 Palaialii Way1/4/2021$ 890,00099-040 Kealakaha Dr1/8/2021$ 650,00099-180 Lalani St1/5/2021$ 495,000Aina Haina 11 Niuhi St1/6/2021$ 3,000,000534 W Hind Dr1/8/2021$ 980,000Airport/Mapunapuna 1760 Ala Aolani Pl1/6/2021$ 715,0001025 Ala Lilikoi St #E2041/8/2021$ 378,0003161 Ala Ilima St #4051/8/2021$ 405,0003075 Ala Poha Pl #19031/8/2021$ 523,000Ala Moana 1600 Ala Moana Blvd #5101/8/2021$ 430,000Ewa, Kapolei 91-837 Moneha Pl1/7/2021$ 812,50091-626 Pohakupuna Rd1/6/2021$ 725,00091-2066 Kaioli St #42021/8/2021$ 600,00091-2027 Kaioli St #36031/6/2021$ 605,00091-1029 Kamaaha Ave #12011/7/2021$ 505,00091-1037 Kamaaha Ave #16021/4/2021$ 398,00091-960 Iwikuamoo St #4071/8/2021$ 660,00091-1081 Iwikuamoo St #3051/8/2021$ 677,00091-3633 Kauluakoko St #11021/6/2021$ 669,50091-865 Ma Ke Kula St1/5/2021$ 860,00091-152 Puaina Pl1/8/2021$ 752,00091-120 Ahole Pl1/8/2021$ 669,00092-1186 Olani St #21/4/2021$ 969,00092-1063 Koio Dr #M4031/8/2021$ 828,48092-1514 Aliinui Dr #15051/7/2021$ 545,00091-932 Laaulu St #45A1/6/2021$ 549,00091-1110 Mikohu St #29C1/4/2021$ 415,00091-1091 Laaulu St #7B1/4/2021$ 495,00091-1170 Lukahiu Pl1/5/2021$ 720,00091-1048 Leleoi St #301/8/2021$ 675,00091-1045 Hoomaka St #451/8/2021$ 591,00091-1037 Keoneula Blvd #C41/7/2021$ 570,00091-1131 Kaileolea Dr #3C21/4/2021$ 588,00091-1167 Kaimalie St1/8/2021$ 750,00091-1235 Kaimalie St1/7/2021$ 922,00091-1179 Waiemi St1/8/2021$ 860,000724 Kakala St #15081/6/2021$ 630,950Hauula 54-269 Kamehameha Hwy #I1/6/2021$ 1,050,000Hawaii Kai 238 Portlock Rd1/8/2021$ 2,000,000520 Lunalilo Home Rd #83091/6/2021$ 712,7607130 Hawaii Kai Dr #1161/6/2021$ 662,0001 Lumahai St1/5/2021$ 3,600,000539 Kawaihae St1/8/2021$ 1,555,0007262 Pikoni Pl1/6/2021$ 901,000780 Eleele Pl1/5/2021$ 840,000501 Hahaione St #1 12F1/6/2021$ 455,000555 Hahaione St #14D1/5/2021$ 390,0001090 Kaluanui Rd1/4/2021$ 1,380,0001122 C Kumukumu St1/8/2021$ 680,000919 Ainapo St1/8/2021$ 1,235,000Heeia 46-270 Kahuhipa St #A6081/8/2021$ 373,000Kaaawa 51-636 Kamehameha Hwy #4221/8/2021$ 410,000Kahaluu 47-375 B Hui Iwa St #21/8/2021$ 525,00047-826 Kamehameha Hwy1/5/2021$ 1,250,00047-357 Kamehameha Hwy1/5/2021$ 418,000Kailua 1015 Aoloa Pl #4341/8/2021$ 574,0001030 Aoloa Pl #409A1/8/2021$ 510,000323 A Kaelepulu Dr #3011/5/2021$ 1,245,000323 F Kaelepulu Dr #3061/6/2021$ 995,000557 Wanaao Rd1/8/2021$ 1,010,0001625 Ulueo St1/5/2021$ 1,140,000833 Pomahina Pl1/4/2021$ 1,100,000573 Papalani St1/7/2021$ 690,000958 Holoholo St1/4/2021$ 1,325,000166 Pinana St1/4/2021$ 975,000871 Aalapapa Dr1/8/2021$ 1,450,000254 Mookua St1/8/2021$ 1,310,000Kaimuki 729 12Th Ave1/4/2021$ 1,200,0003917 Maunaloa Ave1/4/2021$ 1,020,0004180 Kilauea Ave1/8/2021$ 985,000Kakaako 888 Kapiolani Blvd #27051/7/2021$ 1,500,000801 S Kapiolani Blvd #3241/4/2021$ 650,000801 S South St #17211/4/2021$ 765,000725 Kapiolani Blvd #10031/7/2021$ 550,8001177 Queen St #16071/8/2021$ 975,0001296 Kapiolani Blvd #Ii15011/4/2021$ 625,000Kalihi Valley 2767 Kalihi St1/4/2021$ 830,000Kaneohe 131 Aikahi Loop1/8/2021$ 1,425,000939 N Kalaheo Ave1/7/2021$ 1,360,00045-408 Kanaka St1/8/2021$ 910,00045-401 Mokulele Dr #321/5/2021$ 630,00045-202 Wena St1/7/2021$ 930,000Kapahulu 3448 James St1/8/2021$ 850,0003016 Holei St1/4/2021$ 1,500,0002895 Kalakaua Ave #15071/4/2021$ 296,733Kapalama 1016 Noble Ln1/6/2021$ 1,250,0002001 Aupuni St #6011/6/2021$ 305,000Kawela Bay 57-091 Lalo Kuilima Pl #671/7/2021$ 530,00057-101 W Kuilima Loop #801/7/2021$ 775,000Makaha 84-740 Kili Dr #4231/6/2021$ 160,00084-770 Kili Dr #6321/4/2021$ 124,50084-755 Ala Mahiku St #65A1/6/2021$ 210,00084-905 Hanalei St1/4/2021$ 469,000Makakilo, Ewa Beach 92-433 Kaiaulu St1/7/2021$ 765,00092-680 Anipeahi St1/6/2021$ 650,00092-670 Nohona St1/6/2021$ 710,00092-759 Nohopaa St1/8/2021$ 725,00092-787 Lihau St1/5/2021$ 729,00092-922 Welo St #661/7/2021$ 528,00092-1200 Mekila St1/6/2021$ 805,000Makiki 1326 Keeaumoku St #8071/8/2021$ 472,0001314 Victoria St #19031/6/2021$ 574,000979 Prospect St1/8/2021$ 600,0001060 Spencer St #L1/8/2021$ 749,4001547 Liholiho St1/4/2021$ 750,0001710 Punahou St #2041/6/2021$ 535,0001650 Piikoi St #5021/5/2021$ 300,000Manoa Valley 2634 Kuahine Dr1/8/2021$ 1,545,000Mccully 778 Wiliwili St #3011/8/2021$ 448,0002333 Kapiolani Blvd #12011/6/2021$ 380,0002333 Kapiolani Blvd #18141/8/2021$ 638,0002474 Kapiolani Blvd #11011/5/2021$ 444,5002916 Date St #10G1/7/2021$ 499,000Mililani, Waipio 95-510 Wikao St #L1011/7/2021$ 451,00095-782 Wikao St #N2041/8/2021$ 349,00095-948 Wikao St #E2041/7/2021$ 510,00095-061 Waikalani Dr #D1041/4/2021$ 230,00095-332 Ikaloa St1/5/2021$ 1,020,00095-183 Alaalaa Loop1/5/2021$ 870,00095-033 Kahoea St1/8/2021$ 570,00095-1047 Lalai St1/4/2021$ 933,80095-1050 Makaikai St #23H1/5/2021$ 450,00095-1045 Ainamakua Dr #231/8/2021$ 427,00095-1153 Makaikai St #951/5/2021$ 440,00095-1151 Koolani Dr #861/4/2021$ 476,00095-218 Moelehua Pl #591/5/2021$ 975,000Nanakuli, Maili 87-2143 Pakeke St #481/7/2021$ 550,00087-1018 Kahiwelola St #961/4/2021$ 475,00087-171 Holopono St1/8/2021$ 618,00087-1965 Mohihi St1/8/2021$ 480,00087-209 Kipahulu Pl1/8/2021$ 485,00087-1684 Wehiwehi St1/5/2021$ 675,000Nuuanu 55 S Kukui St #D16071/8/2021$ 350,0001088 Bishop St #10041/8/2021$ 140,00034 Hialoa St1/8/2021$ 1,800,000Palolo Valley, St Louis Heights 4960 Mana Pl1/7/2021$ 3,295,0003523 B Maluhia St1/8/2021$ 850,0001818 Saint Louis Dr1/6/2021$ 1,035,000Pearl City 2219 Aupaka St1/8/2021$ 755,000Pearl Ridge, Aiea Heights 98-1820 A Kaahumanu St #231/5/2021$ 860,00098-719 Iho Pl #4021/4/2021$ 380,00098-487 Koauka Lp #B12021/5/2021$ 470,00098-351 Koauka Loop #C11021/8/2021$ 430,00098-388 Pono St1/6/2021$ 750,00098-410 Koauka Loop #1K1/6/2021$ 417,00098-410 Koauka Loop #23H1/6/2021$ 465,00098-471 Hookanike St #191/5/2021$ 381,80098-607 Kilinoe St #8B21/4/2021$ 465,00098-702 Papalealii St1/6/2021$ 1,015,000Puunui Alewa Heights 2289 B Liliha St #Unit A1/7/2021$ 1,245,000Sunset Beach, Pupukea 59-181 D Ke Nui Rd1/6/2021$ 2,500,000Waialae, Kahala 1030 Kealaolu Ave1/4/2021$ 3,545,1001446 Pueo St1/5/2021$ 2,888,0004884 1 Kilauea Ave #1401/6/2021$ 598,0004995 Kalanianaole Hwy1/8/2021$ 2,365,000745 Hunakai St1/8/2021$ 1,975,0001354 Makaikoa St1/6/2021$ 835,0001158 Waiholo St1/6/2021$ 2,070,000Waikiki 223 Saratoga Rd #8061/7/2021$ 365,0001765 Ala Moana Blvd #13921/7/2021$ 650,000411 Hobron Ln #23071/5/2021$ 400,000411 Hobron Ln #35011/8/2021$ 275,0001837 Kalakaua Ave #19021/7/2021$ 830,0001909 Ala Wai Blvd #3101/8/2021$ 186,5332211 Ala Wai Blvd #27011/4/2021$ 290,0002440 Kuhio Ave #17081/8/2021$ 378,000249 Kapili St #3061/7/2021$ 140,000204 Kapahulu Ave #2021/5/2021$ 1,338,000229 Paoakalani Ave #32061/4/2021$ 560,000320 Ainakea Way #4031/8/2021$ 320,000Waipahu 94-1410 Lanikuhana Ave #4361/8/2021$ 533,00094-946 Meheula Pkwy #4641/8/2021$ 283,00094-870 Lumiauau St #M1051/7/2021$ 442,00094-1064 Awanani St1/5/2021$ 780,00094-310 Kahualena St1/4/2021$ 690,00094-054 Leolua St #2141/8/2021$ 250,00094-457 Kauopua St1/7/2021$ 835,00094-1475 Waipio Uka St #H1041/5/2021$ 470,00094-1465 Waipio Uka St #S2031/6/2021$ 435,00094-1058 Paha Pl #L31/8/2021$ 420,00094-143 Alake St1/5/2021$ 997,50094-522 Kupuohi St #15 2061/8/2021$ 390,00094-1030 Pumaia Pl1/6/2021$ 680,000COMMERCIALCity and County of HonoluluPropertyDatePriceLower Manoa 2020 S King St1/7/2021$ 4,072,400

Source: https://www.staradvertiser.com/2021/02/07/hawaii-news/hawaii-real-estate-sales-jan-4-jan-8-2021/

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Real estate news: Applications reopen for affordable homes in Brea; prices start at $320,000

Also in the news: A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank.

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Applications are being accepted in a newly opened second round for a small collection of affordable homes in Brea.

The Flats at West Village include 20 “stacked” flats across from Central Park in northwest Brea. Prices begin around $320,000 and rise to $500,000, with all units reserved for income-approved buyers.

The builder and the city opted to postpone the buying process, which first launched in late January, and have since expanded the income requirements by roughly $4,000-$5,000 to widen the pool of applicants.

The project by Trumark Homes includes three one-bedroom units selling for $320,000, seven two-bedroom units selling for $420,000 and 10 three-bedroom units priced at $500,000. The condo-like homes are stacked on top of garages and first-floor units. More details are available at bit.ly/3qVpBuK.

Applicants must earn no more than $102,450 in 2021 for a two-person household and $128,050 for a family of four, according to the city’s website.

Eight floor plans range from 791 square feet to 1,624 square feet with all homes including walk-in closets, washer/dryer space, an outdoor deck and direct garage access.

Applications officially reopened July 12.

For more information, go to bit.ly/3hO4DMZ

A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank. The six-building office complex, now called AD/6 and formerly Deere Alton Business Park, sold for $42.8 million. The 188,714-square-foot campus is 87% leased, Daum said. The buyer was Henghou Investment Holding Inc., which is based in Zhejiang, China. (Courtesy of Newmark Knight Frank)Santa Ana campus sells for $43 million

A business park in Santa Ana has been sold to a Chinese holding company for nearly $43 million, according to Newmark Knight Frank.

The six-building office complex at 1920, 1924, 1928, 1932, 1936 and 1940 East Deere Ave., now called AD/6 and formerly Deere Alton Business Park, sold for $42.8 million. The 188,714-square-foot campus is 87% leased, Daum said.

The buyer was Henghou Investment Holding Inc., which is based in Zhejiang, China.

Newmark’s Kevin Shannon, Paul Jones, Sean Fulp, Mark Schuessler and Brandon White represented the seller, Preylock Holdings.

A Southern California investor has sold a Culver City property leased to Starbucks and bought two other Starbucks properties in different states, all part of a 1031 exchange managed by Hanley Investment Group Real Estate Advisors in Corona del Mar and Enduring Real Estate in San Diego. The combined value of the sales was approximately $10 million, Hanley reps said. (Courtesy of Hanley Investment Grojup)3 coffee shops to go, please

A Southern California investor has sold a Culver City property leased to Starbucks and bought two other Starbucks properties in different states, all part of a 1031 exchange managed by Hanley Investment Group Real Estate Advisors in Corona del Mar and Enduring Real Estate in San Diego.

The combined value of the sales was approximately $10 million, Hanley reps said.

The Culver City property lacked a drive-through, something the two newly built properties procured in Ocala, Fla., and Alexandria, La., did have.

In the last 24 months, Hanley Investment Group said it has sold or has in escrow 31 Starbucks properties across the U.S.

A 12,000-square-foot industrial building leased to collision repair operator Service King in Huntington Beach has sold for $3.65 million. DAUM Commercial Real Estate Services represented the seller and found the buyer, both of whom were not identified. The property at 18302 Gothard St. sits on just over a half-acre. Courtesy of DAUM Commercial Real Estate)Industrial sale in Surf City

A 12,000-square-foot industrial building leased to collision repair operator Service King in Huntington Beach has sold for $3.65 million.

DAUM Commercial Real Estate Services represented the seller and found the buyer, both of whom were not identified.

The property at 18302 Gothard St. sits on just over a half-acre.

Birtcher breaks ground on mega-IE center

Newport Beach-based Birtcher Development has broken ground on Birtcher Oak Valley Commerce Center, a 125-acre industrial development in Calimesa in Riverside County.

The firm said it has its eyes on the Inland Empire’s hot industrial market with this center aimed at “big-box tenants with warehousing and distribution needs.”

Four Class-A industrial buildings in the complex will span nearly 2.2 million square feet. The project is near the I-10 freeway and close to Redlands, which also is home to distributors including Amazon and XPO Logistics.

“We are bullish on the growth in the Oak Valley I-10 corridor given its strategic location just beyond Redlands and deep untapped labor market,” said Brooke Birtcher Gustafson, managing director at Birtcher Development.

The seller, principals of Oak Valley Development Co., owned the property since 1997 and obtained entitlements for the project earlier this year.

QuadReal Property Group is a joint venture partner in the project.

Kristie Goshow is the new chief commercial officer at Irvine-based KSL Resorts. Jim Madrid?is the new office leader in Newport Beach?office?for McCarthy Building Co.s’ Southern California?region.On the move

Kristie Goshow is the new chief commercial officer at Irvine-based KSL Resorts. She assumes the position following the retirement of former KSL Resorts’ CCO Jeff Senior, who led the transformation of Orange County’s former St. Regis in Dana Point into the Monarch Beach Resort. Goshow has some 20 years of hospitality industry experience and was most recently chief marketing officer for Preferred Hotels & Resorts. There she was in charge of brand strategy, strategic partnerships, global merchandising and digital marketing.

Jim Madrid is the new office leader in the Newport Beach office for McCarthy Building Co.s’ Southern California region. He’s been tasked with managing the commercial business unit. With 37 years in the construction industry, the company said Madrid has made big contributions to some of McCarthy’s most successful projects. Previously, he ran offices for Kinetics and Southland.

Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.

The project by Trumark Homes includes three one-bedroom units selling for $320,000, seven two-bedroom units selling for $420,000 and 10 three-bedroom units priced at $500,000. The condo-like homes are stacked on top of garages and first-floor units. More details are available at bit.ly/3qVpBuK.

Source: https://www.ocregister.com/2021/07/16/real-estate-news-applications-reopen-for-affordable-homes-in-brea-prices-start-at-320000/

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2 former Sherman Oaks executives plead guilty to role in $1.3 billion real estate fraud

Dane Roseman, 38, and Ivan Acevedo, 44, were executives of a Sherman Oaks-based luxury real estate firm.

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Two more California men have pleaded guilty in South Florida for their roles in a $1.3 billion real estate fraud scheme that stole money from thousands of investors nationwide.

Dane Roseman, 38, and Ivan Acevedo, 44, both of Los Angeles, pleaded guilty Monday in Miami federal court to participating in a massive investment fraud scheme, in which more than 7,000 victims suffered financial losses, according to court records. Co-defendant Robert Shapiro was previously sentenced to 25 years in prison for orchestrating the scheme. Roseman and Acevedo are scheduled to be sentenced on Sept. 20.

Shapiro was the the former owner, president and CEO of the Sherman Oaks-based Woodbridge Group of Companies LLC. The company had offices employing 130 people in California, Florida, Tennessee, Colorado and Connecticut. Prosecutors say Shapiro told investors that Woodbridge held real estate loans that would pay them rates of interest between 5% and 10%. In fact, the real estate also was owned by Shapiro through 270 shell companies and did not generate the necessary money for investors. Sometimes, the properties didn’t even exist.

It became a Ponzi scheme that paid older investors with money from newer ones, court records show. Five states entered cease-and-desist orders because Woodbridge was selling unregistered securities.

Roseman and Acevedo both worked as sales managers for Woodbridge, officials said. They sold securities and trained and supervised Woodbridge internal sales agents who sold Woodbridge securities. Using high-pressure sales tactics, Shapiro, Roseman, Acevedo and others marketed and promoted these investments as low-risk, safe, simple and conservative.

Authorities say the scam operated from at least July 2012 to December 2017, when the company filed for bankruptcy and defaulted on its obligations to investors.

Roseman and Acevedo both worked as sales managers for Woodbridge, officials said. They sold securities and trained and supervised Woodbridge internal sales agents who sold Woodbridge securities. Using high-pressure sales tactics, Shapiro, Roseman, Acevedo and others marketed and promoted these investments as low-risk, safe, simple and conservative.

Source: https://www.dailynews.com/2021/07/13/2-former-sherman-oaks-executives-plead-guilty-to-role-in-1-3-billion-real-estate-fraud/

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Alexandria Real Estate Equities, Inc. Announces Pricing Of Upsized Public Offering Of 7,000,000 Shares Of Common Stock

Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced the pricing of its upsized public offering of 7,000,000 shares of the Company’s common stock at a price of $184.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares. The offering is expected to close on or about June 17, 2021, subject to customary closing conditions.

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PASADENA, Calif., June 14, 2021 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE) today announced the pricing of its upsized public offering of 7,000,000 shares of the Company’s common stock at a price of $184.00 per share in connection with the forward sale agreements described below. The Company also granted the underwriters a 30-day option to purchase up to 1,050,000 additional shares. The offering is expected to close on or about June 17, 2021, subject to customary closing conditions.

RBC Capital Markets, BofA Securities, Citigroup, Goldman Sachs & Co. LLC, J.P. Morgan, BTIG, Evercore ISI, Mizuho Securities, Scotiabank, SMBC Nikko, TD Securities, PNC Capital Markets LLC and Regions Securities LLC are acting as joint book-running managers for the offering. Barclays, BNP PARIBAS, Capital One Securities, Fifth Third Securities, Truist Securities and Ramirez & Co., Inc. are acting as co-managers for the offering.

The Company has entered into forward sale agreements with Royal Bank of Canada, Bank of America, N.A., Citibank, N.A., Goldman Sachs & Co. LLC and JPMorgan Chase Bank, N.A. (the “forward purchasers”) with respect to 7,000,000 shares of its common stock (and expects to enter into forward sale agreements with respect to an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full). In connection with the forward sale agreements, the forward purchasers or their affiliates are expected to borrow and sell to the underwriters an aggregate of 7,000,000 shares of the common stock that will be delivered in this offering (or an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full). Subject to its right to elect cash or net share settlement, which right is subject to certain conditions, the Company intends to deliver, upon physical settlement of such forward sale agreements on one or more dates specified by the Company occurring no later than December 14, 2022, an aggregate of 7,000,000 shares of its common stock (or an aggregate of 8,050,000 shares if the underwriters exercise their option to purchase additional shares in full) to the forward purchasers in exchange for cash proceeds per share equal to the applicable forward sale price, which is the public offering price, less underwriting discounts and commissions, and is subject to certain adjustments as provided in the forward sale agreements.

The Company will not initially receive any proceeds from the sale of shares of its common stock by the forward purchasers or their affiliates in the offering. The Company expects to use the net proceeds, if any, it receives upon the future settlement of the forward sale agreements to fund pending acquisitions, with remaining proceeds, if any, to be used for general working capital and other corporate purposes, which may include the reduction of the outstanding balance, if any, on the Company’s unsecured senior line of credit and the outstanding indebtedness, if any, under the Company’s commercial paper program. Selling common stock through the forward sale agreements enables the Company to set the price of such shares upon the pricing of the offering (subject to certain adjustments) while delaying the issuance of such shares and the receipt of the net proceeds by the Company until the expected funding is required.

The offering is being made pursuant to an effective registration statement on Form S-3 that was previously filed with the Securities and Exchange Commission. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the Company’s securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Copies of the prospectus supplement relating to this offering, when available, may be obtained by contacting: RBC Capital Markets, Attn: Prospectus Department, at Three World Financial Center, 200 Vesey Street, 8th Floor, New York, NY 10281, or by telephone at (877) 822-4089; BofA Securities, NC1-004-03-43, Attn: Prospectus Department, at 200 North College Street, 3rd floor, Charlotte, NC 28255-0001, or email at dg.prospectus_requests@baml.com; Citigroup, Attn: Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 800-831-9146 or email at prospectus@citi.com; Goldman Sachs & Co. LLC, Attn: Prospectus Department, at 200 West Street, New York, NY 10282, or by telephone at 866-471-2526, or email at prospectus-ny@ny.email.gs.com; or J.P. Morgan, Attn: Broadridge Financial Solutions, at 1155 Long Island Avenue, Edgewood, NY 11717, or by telephone at 1-866-803-9204.

Alexandria, an S&P 500® urban office real estate investment trust, is the first, longest-tenured and pioneering owner, operator and developer uniquely focused on collaborative life science, agtech and technology campuses in AAA innovation cluster locations. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations, including Greater Boston, the San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle.

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements include, without limitation, statements regarding the Company’s offering of common stock (including an underwriters’ option to purchase additional shares of common stock), its intended use of the proceeds and the expected closing date of the offering. These forward-looking statements are based on the Company’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by the Company’s forward-looking statements as a result of a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange Commission. All forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update this information. For more discussion relating to risks and uncertainties that could cause actual results to differ materially from those anticipated in the Company’s forward-looking statements, and risks and uncertainties to the Company’s business in general, please refer to the Company’s filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and any subsequently filed quarterly reports on Form 10-Q.

CONTACT: Sara Kabakoff, Vice President – Communications, (626) 788-5578, skabakoff@are.com

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View original content:http://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-announces-pricing-of-upsized-public-offering-of-7-000-000-shares-of-common-stock-301312084.html

SOURCE Alexandria Real Estate Equities, Inc.

Source: https://finance.yahoo.com/news/alexandria-real-estate-equities-inc-025600088.html

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