National Commercial Real Estate News From CoStar Group
Invesco, Hines Buy Historic Rialto Bldg. in San Francisco
A joint venture between Invesco and Hines finalized its purchase of the Rialto Building, a nine-story, 131,344-square-foot office building in San Francisco’s south financial district. A group led by Africa Israel USA sold the turn-of-the-century property for an undisclosed price.
Built in 1902, the structure is on 0.4 acres at the intersection of Mission and New Montgomery streets. AFI USA acquired the property in 2007 and soon after started restoring...