SAN FRANCISCO—Local industry sources tell GlobeSt.com that GE Capital Real Estate in a joint venture with Langley Investment Properties is selling its 405 Howard St. here in San Francisco to a JV of TIAA-CREF and Norges Bank Investment Management. The deal is said to be around $350 million.

The property, called Foundry Square II, is a 10-story low rise building located in the south financial district. Parties involved did not respond to GlobeSt.com by deadline to confirm or deny and we will follow this story and update as we learn more.

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