Last Updated: March 4, 2010 03:12pm ET

Shorenstein Buys McCandless Towers Mezz Loan

By Brian K. Miller

SAN FRANCISCO-The locally based fund sponsor acquires a $51.1-million mezzanine loan backed by the 419,000-sf, two-building office property in Santa Clara, CA. The company has acquired $435 million of subordinated debt in the past nine months.

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