Cadillac fairview, daon sell san francisco office building

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Cadillac Fairview U. S. Inc. and Daon Corp. have sold a jointly owned office building at 444 Market St., San Francisco, to two public limited partnerships sponsored by Merrill Lynch Hubbard


Inc. for $140 million. Martin Seaton, president of Los Angeles-based Cadillac Fairview U. S. Western Region Inc., said that the 605,000-square-foot building had been 50% owned and managed by


a wholly owned subsidiary of Cadillac Fairview U. S. Inc. and 50% was held by Daon Corp., its development partner. Cadillac Fairview sold the stock of its subsidiary, while Daon sold its


partnership interest, he added. Cadillac Fairview U. S. Inc. is a wholly owned subsidiary of Cadillac Fairview Corp. of Toronto. Daon Corp. is a wholly owned subsidiary of Daon Development


Corp. of Vancouver. MORE TO READ