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May 6, 2006

UPDATE

LOS ANGELES - GE Real Estate has completed its acquisition of Arden Realty Inc., the largest publicly-traded office landlord in Southern California. The purchase price of $4.8 billion includes the assumption and refinancing of $1.6 billion of Arden's outstanding debt.

LOS ANGELES - GE Real Estate has completed its acquisition of Arden Realty Inc., the largest publicly traded office landlord in Southern California. The purchase price of $4.8 billion includes the assumption and refinancing of $1.6 billion of Arden's outstanding debt. In connection with this transaction, Trizec Properties Inc. also completed the acquisition of 13 Arden properties for $1.6 billion. The remainder of the Arden portfolio will stay intact and co...

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