Las Vegas Commercial Real Estate

General Electric Company has agreed to buy commercial real estate investment trust Arden Realty Inc. for approximately $3.2 billion in cash making this one of the largest U.S. real estate deals in history. Arden, a publicly traded office landlord located in Southern California, maintains 18.5 million square feet in 192 buildings.

GE’s real estate group continues to be one of the fastest growing businesses, with approximately $48 billion in assets and more than $1 billion in profits as of 2004.

This entry was posted on Saturday, December 24th, 2005 at 1:39 am and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.