The deal includes LA's one-million-sf Wilshire Courtyard and the570,000-sf South Coast Metro Center in Orange County. The thirdproperty is the 733,000-sf China Basin Landing complex in SanFrancisco.
The unusual transaction finds McCarthy Cook & Co. on boththe selling and buying end of the deal. The seller is a partnershipof McCarthy Cook and Blackstone Real Estate Advisors. The buyer isa partnership of McCarthy Cook and the Paine Webber real estateinvestment fund.
"Blackstone provided the opportunity to McCarthy Cook & Co.to be both a buyer and a seller," Thomas E. McCarthy, co-presidentof McCarthy Cook, tells GlobeSt.com.
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