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New York REIT’s Bets Reflect Expanded Coastal Strategy

Columbia Property to Buy San Francisco Tower as It Closes on Manhattan Property

Columbia Property Trust agreed to buy 201 California St. in San Francisco from Beacon Capital for $239 Million. (CoStar)
Columbia Property Trust agreed to buy 201 California St. in San Francisco from Beacon Capital for $239 Million. (CoStar)

Columbia Property Trust, the real estate investment trust that just relocated to New York, is making high-profile acquisitions on both the East and West coasts as expanding investor interest in gateway cities signals a bet on slowing economic growth.

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