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Brookfield Infrastructure, an affiliate of Brookfield Asset Management, has committed to fund half of the required initial equity investment, currently estimated to be approximately $613 million.

The San Francisco-based firm states that the property is located near bulk transmission lines, a major fiber path, as well as less than four miles from Digital Realty's existing data center campuses in Ashburn, VA.

MOBs increasingly adopt technology, such as telemedicine, that attracts millennial users, along with wellness and fitness programs.

The deal marks the fast growing healthcare real estate investment firm's entrance into the Minnesota marketplace.

The purchase of One Nashville Place marks the private real estate equity firm's entrance into the Music City commercial market.

GEICO plans to hire 700 new associates over the next several years after its expected to occupy the new 200,000-square-foot building in late 2019.

7316 Wisconsin Ave. was sold by Chevy Chase Land Co. for $35.5 million.

Carol Schatz, who has been a pillar of the renaissance in Downtown Los Angeles, has announced her retirement from the DCBID, which she launched in 1998.