CALIFORNIA : SOUTHLAND FOCUS : Also. . . - Los Angeles Times
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CALIFORNIA : SOUTHLAND FOCUS : Also. . .

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* Houston-based Hines Interests said it has completed the previously announced acquisition of the 52-story Sanwa Bank Plaza complex in downtown Los Angeles from Japanese real estate developer Mitsui Fudosan Co. People familiar with the deal say it sold for $215 million. Hines, one of the nation’s largest privately owned real estate firms, developed and managed the million-square-foot tower for Mitsui. The building is 97% leased, and its major tenants include Sanwa Bank and Cushman Realty.

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