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CMA
July 20, 2018  

Bidder Seeks Financing for SF Offices

A California State Teachers partnership is looking to line up $120 million of debt as it negotiates to buy a San Francisco office building.CalSTRS and San Francisco-based DivcoWest are in talks to buy the 319,000-square-foot building, at 301 Howard Street, for around $290 million. The joint venture has tapped Eastdil Secured to ask lenders for quotes on a fixed-rate loan with a term of 10 years. Given the proposed low leverage and long term,...


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