Top San Francisco Stories
PMC Sierra Buys, Flips Office Building to End Lease Obligation
By Brian K. MillerSANTA CLARA, CA-In order to get out from under a $215-million lease obligation related to the Mission Towers Two building located at Freedom Circle in Santa Clara, PMC-Sierra purchases the facility from its owner and resells it to a third party. The transaction cost the struggling company $102 million.
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