Rockwood, Four Corners Ink $90M Silicon Valley Office Deal

Law360, New York (May 3, 2012, 9:06 PM EDT) -- Private equity-backed Rockwood Capital LLC and Four Corners Properties LLC have scooped up a vacant office campus they plan to renovate in the booming Silicon Valley area, shelling out $90 million to residential developer William Lyon Homes, the companies announced Thursday.

The deal covers a 500,000-square-foot complex that William Lyons had originally planned to turn into a housing community. Rockwood and Four Corners plan to keep it as office space, renovating the property to a Class A standard and catering to fast-growing tech firms looking for...
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