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Boston Properties' $628 million acquisition of the 47-acre Santa Monica Business Park included a ground lease with an option to buy. The legal team at Allen Matkins walks us through the complexities of the deal.
“The sale of Peninsula Office Park's remaining six buildings exemplifies our approach to recycling capital to further focus on strategic holdings in our core markets."
Berkadia's Hotels & Hospitality group opens its first West Coast office in Los Angeles because it is one of the top five US markets on investor radar.
With unemployment at record lows, it is unlikely that unemployment will inch down any further, but expanding companies will have a hard time finding talent.