Cornerstone Sells 6-Story San Francisco Building For $110M

Law360, Los Angeles (October 10, 2013, 5:56 PM EDT) -- Real estate investment manager Cornerstone Real Estate Advisers LLC sold a six-story, 187,000-square-foot office building in San Francisco to ASB Real Estate Investments, a division of ASB Capital Management LLC, for $110 million, Cornerstone announced Thursday.

Cornerstone, which has more than $40 billion in real estate assets under management, acquired the Leadership in Energy & Environmental Design-certified office building in July 2011 for $71 million. The building, located at 795 Folsom St., recently served as the headquarters for Twitter Inc., according to Cornerstone.

John Kennedy, managing...
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