Stuart Shiff Of DivcoWest Acquires 50% Stake In 101 California Street For $450 Million

101 California Street is a 1.26 million-square-foot office asset located in the San Francisco Financial District. The property is under contract for a transaction price of $450,000,000, valuing the asset at approximately $975 million.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $450,000,000
• Address: 101 California Street
• Market: San Francisco
• Buyer: Stuart Shiff
• Buyer's Company: DivcoWest

Stuart Shiff, representing DivcoWest, is acquiring just under a 50% stake in the property. This transaction reflects strong demand for high-quality assets in the market.