Cornerstone Rakes In $28M For Twitter HQ Buy

Law360, New York (November 15, 2011, 6:24 PM EST) -- Cornerstone Real Estate Advisers LLC has secured $28 million to support its recent purchase of the California office building currently housing Twitter Inc.'s headquarters with help from CBRE Group Inc.'s debt and equity financing unit, CBRE said Tuesday.

Cornerstone bought the 185,444-square-foot office building in San Francisco's South of Market technology district from Westcore Properties for $70 million in July.

CBRE's nonrecourse financing is fixed for five years with prepayment flexibility in the last three, it said.

“The client received an excellent execution and was able...
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