SAN FRANCISCO-Real Estate Alert reported that Singapore'ssovereign wealth fund-led Asian partnership has decided to acquirea 92% interest in a 1.25-million-square-foot structure at 101California Street for $851 million or $740 per square foot. NipponLife Insurance was the seller of the stake. The partnership willalso purchase a portion of the remaining 8% interest owned by thedeveloper, Hines.
Eastdil Secured brokered for the seller in the deal. Hines willremain the manager of the building. For the full story, go toSan Francisco Business Times .
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