Madison Int'l Realty Buys $295M Stake In LA Office Building

Law360, New York (October 3, 2013, 3:24 PM EDT) -- Real estate private equity firm Madison International Realty has acquired a 49 percent ownership interest in a 42-story trophy office property in downtown Los Angeles for $295 million, the firm announced Wednesday.

Madison International, which specializes in purchasing partial ownership stakes and joint venture interests in Class A properties in the U.S., U.K. and Europe, bought the interest from Beacon Capital Partners LLC, which will continue to hold the remaining majority interest in the property and manage it.

The deal comes as the demand for new...
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