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LOS ANGELES—San Francisco-based investment firm Shorenstein enters into an agreement to buy the 1.1-million-square-foot office property on Wilshire Boulevard from Beacon Capital Partners.
LOS ANGELES—Waterbridge Capital secures the first tranche of a $140 million loan to purchase the 1-million-square-foot building, which will be repositioned into creative office space.
MIAMI—Burger King will remain headquartered in Miami, its home since 1954, but the new parent company for the burger chain and donut maker Tim Hortons will be based in Canada.
CHICAGO—LaSalle Investment Management has been awarded a new mandate to invest $1 billion into US real estate, just weeks after raising the same amount for investments in Asia.