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Property's Escrow May Be Precursor to Sale of Los Angeles-Area Office Complex.
Knight Ridder/Tribune Business News, September, 2001
By Gregory J. Wilcox, Daily News, Los Angeles Knight Ridder/Tribune Business News
Sep. 19--WOODLAND HILLS, Calif.--The closing of escrow on the $134 million sale of the landmark Trillium complex in Warner Center may be the first step in the purchase of the biggest office complex in the San Fernando Valley, officials said Tuesday.
The sellers, a partnership between the California Public Employees Retirement System and CommonWealth Partners LLC, are interested in buying the 2.3-million-square-foot Warner Center Properties.
Three years ago Los Angeles-based CommonWealth acquired a significant stake in the CalPERS portfolio containing the Trillium and can decide when to trade assets. CalPERS bought the complex in 1990 for more than $200...
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