BioMed Realty Trust has acquired five life-sciences properties in San Diego for $132.9 million. The portfolio consists of 14 buildings with 405,000 square feet of laboratory and office space. They are 92% occupied.
RioCan Real Estate Investment Trust and Inland Western Retail Real Estate Trust have formed a joint venture to acquire eight retail centers in Texas for $138 million. RioCan will hold the majority stake at 80% and will assume $85.6 million of mortgage debt. The properties are 97% occupied.