Fairmont Plaza

View All Tags
  • Forest City Enterprises Offloads Coveted Office Property in Downtown San Jose

    One of San Jose’s largest office buildings recently traded hands after Forest City Enterprises Inc. agreed terms with CBRE Global Investors for the sale of Fairmont Plaza. CBRE Global Investors paid $93.1 million for the Bay Area asset. The property, also known as the Knight-Ridder building, was sold in order to generate net cash proceeds for the Cleveland-based owner. Also part of this strategy was the recent sale of the company’s Emerald Palms apartment community in southwest Miami.

    San Francisco 09 January 2013 14:47