Rockefeller, Mitsubishi JV Scoop Up $206M San Fran Tower

Law360, New York (September 13, 2012, 10:00 PM EDT) -- Developer The Rockefeller Group and the New York investment arm of Mitsubishi Estate Co. Ltd. have teamed up to purchase a San Francisco financial district office tower worth about $206 million from Broadway Partners Fund Manager LLC, the buyers announced Wednesday.

Rockefeller and Mitsubishi Estate New York officially picked up the Class A building at 50 Beale Street, which houses operations for Bechtel Corp. and Blue Shield of California. Financial details and special terms of the deal were not disclosed, but the San Francisco Planning Department...
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