24.10.2012 - Singapore fund to buy 101 California St. for $851 mln
An Asian partnership led by Singapore's sovereign wealth fund has agreed to buy a 92 percent stake in 101 California St. in downtown San Francisco for $851 million, or $740 a square foot, according to Real Estate Alert. The seller was Nippon Life Insurance. The partnership will also buy part of the remaining 8 percent interest held by Hines, which will continue to manage the property, according to the real estate newsletter...............................................Full Article: Source
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