Investcorp Picks Up Calif. Office Complex

Law360, New York (November 3, 2011, 5:50 PM EDT) -- Alternative investment manager Investcorp recently added two office buildings to its real estate portfolio, including a seven-story complex in Long Beach, Calif., the firm announced Thursday.

Investcorp’s real estate arm just closed on the acquisition of Park Tower office complex, paying an undisclosed price in the firm’s eighth big real estate investment of the year, which are collectively worth about $300 million, Investcorp said. The equity investment closed shortly after Investcorp teamed up with real estate investor Flagler Investment LLC to acquire a medical health care...
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