SAN FRANCISCO-The Port of Oakland Board of Commissioners have approved a proposed plan to shift ownership of properties and leases in Jack London Square to an entity controlled by Divco West of San Francisco. With the approval, the master developer Ellis Partners will be able to sell its real estate properties to Divco.
The entity of Divco will have 98.5% and Ellis Partners will keep the remaining 1.5% and the operation control of the project. For the full story, go to San Francisco Business Times.
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