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300 Lakeside's buyer is a venture led by San Francisco-based TMG Partners, which entered into a long-term lease with Pacific Gas & Electric Company to relocate the utility's headquarters from San Francisco.
There have been long been efforts to try and undo Prop 13. Prop 15 takes a 'Frankenstein' approach, according to one speaker at a CREW San Diego event.
The firm has issued a $1 billion social bond to support affordable housing projects as part of an ongoing strategy to address sustainability challenges.