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June 29, 2018  

GIC Team Seeks Fresh Debt on SF Skyscraper

The owner of a San Francisco office trophy is looking for a mortgage of up to $825 million.The loan would be backed by the 1.3 million-square-foot building at 101 California Street, in the Financial District. The owner, a partnership among Singapore sovereign wealth fund GIC, Hong Kong Monetary Authority and Hines, is in the market for fixed-rate debt with a term of 10 years. It’s taking bids on a range of proceeds — from $690 million...

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