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Real Estate/Development

Mar. 21, 2013

Real Estate Deals

New York-based Africa Israel USA, a real estate development company, sold the Rialto Building, a 135,485-square-foot, nine-story office and retail building in San Francisco's South Financial District.


DEALMAKERS

Historic San Francisco building fetches $57 million in sale to joint venture


New York-based Africa Israel USA, a real estate development company, sold the Rialto Building, a 135,485-square-foot, nine-story office and retail building in San Francisco's South Financial District.


The 111-year old property, located at 116 New Montgomery St., was sold to a joint venture between Invesco Ltd. and Hines.

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