REIT Mission West Seeks Sale, Touts Market Optimism

Law360, New York (December 21, 2011, 1:40 PM EST) -- Real estate investment trust Mission West Properties Inc. is shopping around for a buyer, the Cupertino, Calif.-based company said Wednesday, citing brightening skies in the San Francisco Bay area's property investment and sales outlook.

The Mission West board of directors gave the go-ahead for top management — including founder and CEO Carl E. Berg — to explore a sale, but no transaction is on the table, it said.

"The company is continuing to lease buildings, aggressively pursue new tenants, seek value-added acquisitions and run its business...
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