SAN FRANCISCO—Last year was a big acquisition year for San Diego-based Westcore Properties. It spent more $868.6 million for multiple properties in the Bay Area and Sacramento, reports the San Francisco Business Times. The company also sold about $246 million worth of properties last year.
“2012 was our biggest year ever as we continued our strategy of acquiring quality assets in core California markets, particularly in the Bay Area and the Central Valley,” said Marc Brutten, Westcore Properties' chairman and founder. “Properties that were not strategic and part of our long-term operating plan have been systematically sold off.”
Click San Francisco Business Times to read the full story.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
