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Real Estate



Lynn Porter
Real Estate Editor
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July 13, 2006

Real Estate Buzz: Waterfront Place sold, with a 'cherry on top'

By LYNN PORTER
Journal Real Estate Editor

Spear Street Capital President John Grassi thinks the fact that the viaduct may be replaced by a waterfront tunnel entered into the decision by a group affiliated with BlackRock Realty Advisors to buy the Waterfront Place office building.

The 1011 Western Ave. structure sold June 26 for $64.5 million, according to public records. That's $22.5 million more than San Francisco-based Spear Street paid for it in May of last year.


 
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