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Hines REIT agrees to buy the Howard Hughes Center in LA for $ 506 million

Hines REIT ( real estate investment trust ) has agreed to buy the Howard Hughes Center , a five building office complex measuring 1.32 million square - foot in LA from the Blackstone Group for $ 506 million. Hines REIT will be completing the purchase of this deal by January 15, 2014.


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