SAN FRANCISCO-Real Estate Alert reported that Singapore's sovereign wealth fund-led Asian partnership has decided to acquire a 92% interest in a 1.25-million-square-foot structure at 101 California Street for $851 million or $740 per square foot. Nippon Life Insurance was the seller of the stake. The partnership will also purchase a portion of the remaining 8% interest owned by the developer, Hines.
Eastdil Secured brokered for the seller in the deal. Hines will remain the manager of the building. For the full story, go to San Francisco Business Times .
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