In the past decade,
San Carlos and Walnut Creek have accounted for a big chunk -
nearly $200 million
A deal for dozens of properties suggests that the Bay Area remains a magnet for real estate investors.
A $1.13 billion property deal involves 53 office buildings on 41 separate sites, and five office buildings.
Workspace Property Trust believes that office workers and companies are moving away from the downtown districts and into more suburban markets in search of a better lifestyle.
The seller was a real estate company. In the wake of the transaction, he was a minority owner of the properties.
“We are thrilled to expand our footprint and double down on the suburban office segment,”
said Thomas Rizk, co-founding and chief executive officer with Workspace.
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