Norges Bank Investment Management has bought TIAA’s 50.1 percent stake in eight office properties totaling 3.63 million square feet in Boston, San Francisco and Washington, D.C., for $976.8 million, valuing the portfolio at $1.95 billion.

The post Norges Bank Buys Out TIAA’s Stake in Office Portfolio; Deal Valued at $1.95Bln appeared first on Commercial Real Estate Direct.