SAN FRANCISCO—Last year was a big acquisition year for San Diego-based Westcore Properties. It spent more $868.6 million for multiple properties in the Bay Area and Sacramento, reports the San Francisco Business Times. The company also sold about $246 million worth of properties last year.
“2012 was our biggest year ever as we continued our strategy of acquiring quality assets in core California markets, particularly in the Bay Area and the Central Valley,” said Marc Brutten, Westcore Properties' chairman and founder. “Properties that were not strategic and part of our long-term operating plan have been systematically sold off.”
Click San Francisco Business Times to read the full story.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
