A little more information came out regarding this project.
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Multiple market insiders have told me Boston Properties has emerged as a serious contender for the San Francisco project as other potential buyers have dropped out, but an unnamed foreign real estate investment firm is also said to be in the mix.
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The Chinese developer is said to have been seeking a buyer for the project since it stopped construction, and sources tell me that a number of companies looked at the project, including Boston Properties, Tishman Speyer, Associate Capital and an unidentified foreign company. Sources have confirmed that Associate Capital and Tishman Speyer are no longer considering a deal; both declined to comment for this story.
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I am hoping Boston Properties becomes the stronger contender for this project and takes over and completes the project as designed. I am highly skeptical of “foreign” companies taking over this project.
http://www.bizjournals.com/sanfranci...mPxNCuqb9WJi0A