Real Estate/Development
Apr. 2, 2000
FEATURED LEASE -- NORTH
Seeking to lower its rent at the BankAmerica building in Rancho Cordova, BankAmerica Corp. did what any forward-thinking company would do - it evicted the landlord.
Seeking to lower its rent at the BankAmerica building in Rancho Cordova, BankAmerica Corp. did what any forward-thinking company would do - it evicted the landlord.
Not literally, of course, but in effect that is what happened. The bank took a set-price purchase option written into the original build-to-suit lease to the Bentley Forbes Group LLC and offered to sell the option in exchange for a better lease.
The Los Angeles-based real estate investment firm agreed, payi...
Not literally, of course, but in effect that is what happened. The bank took a set-price purchase option written into the original build-to-suit lease to the Bentley Forbes Group LLC and offered to sell the option in exchange for a better lease.
The Los Angeles-based real estate investment firm agreed, payi...
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