An interest in eight San Diego-area office buildings has been sold as part of a transaction involving a real estate trust that includes properties throughout Southern California.
The San Diego Business Journal reports that SL Green Realty Corp. sold a 43.7 percent interest in the venture to a branch of the Blackstone Group. Both firms are in New York City.
The San Diego properties are in Rancho Bernardo, Sorrento Valley and Del Mar Heights. There are 28 buildings in all, also in Los Angeles and Orange counties. According to the report, they originally were acquired in foreclosures.
Blackstone owns the largest share of the Hotel Del Coronado and its investments include the SeaWorld and Legoland parent companies.