Douglas Emmett Acquires Beverly Hills Office Building
May 15, 2013 at 16:12 PM EDT
Douglas Emmett, Inc. (NYSE: DEI ), a real estate investment trust (REIT), announced that it has acquired a 225,000 square foot Class "A" multi-tenant office building located at 8484 Wilshire Boulevard in Beverly Hills for a contract price of $89 million, or $395 per square foot. With this acquisition, Douglas Emmett now