Real Estate/Development
Jul. 1, 2003
Silicon Valley Vultures Circle But Find Little Palatable Prey
BY BRAD BERTON Special to CREJ Silicon Valley's current cyclical economic trough predictably is garnering attention from real estate "vulture funds" aiming to acquire distress-driven bargains before parlaying the next recovery into hefty profits.
BY BRAD BERTON
Special to CREJ
Silicon Valley's current cyclical economic trough predictably is garnering attention from real estate "vulture funds" aiming to acquire distress-driven bargains before parlaying the next recovery into hefty profits.
Indeed, two well-known Silicon Valley-based teams collectively have raised more than $500 million, which they plan to leverage into $1 billion in opportunistic acquisitions.
While Divco West Prop...
Special to CREJ
Silicon Valley's current cyclical economic trough predictably is garnering attention from real estate "vulture funds" aiming to acquire distress-driven bargains before parlaying the next recovery into hefty profits.
Indeed, two well-known Silicon Valley-based teams collectively have raised more than $500 million, which they plan to leverage into $1 billion in opportunistic acquisitions.
While Divco West Prop...
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