Nearly six months after an unsolicited bid led it to begin a strategic review, office property owner Columbia Property Trust has agreed to be bought by investment management giant Pacific Investment Management Co. for $3.9 billion — offering a note of optimism to a property sector that has been battered by the pandemic.
Investment Management Giant Pimco To Buy Big-City Office REIT for $3.9 Billion
Deal for Columbia Property Trust Could Give Lift to Battered Office US Market
By Andria Cheng
CoStar News
September 7, 2021 | 4:07 P.M.
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