Shareholder Manuel Fishman was recently recognized by the San Francisco Business Times for the selection of the 180 Howard Sale as a Deal of the Year.
The San Francisco real estate group, led by Manuel Fishman, represented the State Bar of California in the sale of its 211,000 square foot headquarters office building in San Francisco in a $54MM transaction. The State Bar will lease back approximately 31% of the building under a long-term lease. The sale culminated a 3 year process (during and post Covid) to find a buyer that could navigate through the prevailing turmoil in the equity and debt markets. Based on published reports it is one of the few, if the only, transactions in 2023 involving purchase money financing of a non-distress sale of an office building in San Francisco, and is likely to be viewed as a market barometer for future transactions. In addition to Manuel, the Buchalter team was comprised of Bukola Mabadeje and Jonathan August.
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