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June 29, 2018  

CalSTRS, Beacon Eye Seattle Loan

A California State Teachers partnership is seeking to line up some $200 million of debt financing for its pending purchase of a Seattle office property.CalSTRs and its partner, Beacon Capital of Boston, are under contract to pay CBRE Global Investors roughly $435 million for the 709,000-square-foot Metropolitan East & West complex, near the intersection of the South Lake Union and Capitol Hill neighborhoods.The partnership has asked lenders for...

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