CBRE Global Investors to Acquire Fairmont Office Tower
SAN JOSE, CA-CBRE Global Investors, a Los Angeles-based investment firm, is in contract to purchase a high-profile office building in downtown San Jose. The real estate investor is buying Fairmont Office Tower, a 326,000-square-foot building at 50 West San Fernando St.
The firm will pay approximately $270 to $280 per square foot, or about $88 million to $91 million, for the 17-story office tower. Forest City, which acquired the tower in 1998, hired TCI Properties in Redwood City to market the skyscraper. For the full story, go to Silicon Valley/San Jose Business Journal .
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