Essex Pays $135M For San Francisco's Fox Plaza Apts.

Law360, New York (February 21, 2013, 7:27 PM EST) -- In a second major deal for Essex Property Trust Inc. in recent weeks, the company has picked up the apartment portion of a San Francisco high-rise and land for another entitled multifamily project for $135 million, it announced Wednesday.

The deal gives Essex floors 14 to 29 of the Fox Plaza tower, as well as an adjacent two-story retail and office building that is entitled to be turned into an 11-story apartment tower. The lower commercial office portion of Fox Plaza was not part of the...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.