SAN DIEGO-A joint venture that includes Hines, a Houston-baseddeveloper, and institutional investors instructed by J.P. MorganAsset Management has secured a $188-million senior financing forthe construction of the La Jolla Commons campus in University TowneCenter. Construction is underway on a second UTC office tower.
The joint venture secured the loan from Wells Fargo. The CapitalMarkets division at Jones Lang LaSalle arranged the transaction.The new 13-story office tower is scheduled to be completed in 2014.For the full story, go to San Diego Business Journal .
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