Most of the job gains were in the leisure and hospitality sectors.
“We are looking to grow our footprint at this point,” said partner Lynda Galligan, who has led the firm’s California growth. “We have everything covered, it's just a matter of growth.”
The unnamed Asian investor will contribute approximately $108 million for a 39% equity interest in the joint venture and ILPT will own the remaining 61% equity interest in the joint venture.
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