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CMA
September 22, 2017  

Bank Backs Big Calif. Office Purchase

Morgan Stanley has agreed to provide about $550 million of debt to help Starwood Capital buy a large office complex near Los Angeles.The floating-rate loan would back the investment shop’s purchase of the 1.6 million-square-foot Pacific Corporate Towers in El Segundo, Calif., for a price sources put between $600 million and $625 million. The seller is a partnership that includes an investment client of BlackRock and a General Motors pension...


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