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Douglas Emmett (DEI)

Stock (REIT - Diversified Industry, Real Estate Industry)

DEI Buys Six Buildings for $610M Douglas Emmett Inc bought six office building in the Los Angeles area for $610 million. The purchase comes to $428 per square feet for the buildings located in Los Angeles area submarkets including Santa Monica, Beverly Hills, Sherman Oaks/Encino and Warner Center/Woodland Hills. Its stock price responded weakly as investors reacted to such a large investment in times of uncertainty in the weak and illiquid real estate market.

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