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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.