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LOS ANGELES-Downtown’s City National Plaza may soon be available. A complicated agreement between its current joint venture owners that contains a lot of “ifs” must decide its fate by the end of this month. 

Thomas Properties Group and its longtime investment partner, California State Teachers’ Retirement System (CalSTRS), have signed an agreement on several properties they own in a joint venture called TPG/CalSTRS LLC. The properties include City National Plaza in downtown L.A., CityWestPlace and San Felipe Plaza in Houston, and three undisclosed properties in Northern Virginia.

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