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BUSINESS
May 13, 1998 | Bloomberg News
Mortimer Zuckerman's Boston Properties Inc. has won the high-stakes contest for San Francisco's giant Embarcadero Center office and retail complex, agreeing to pay $1.22 billion for one of the West Coast's premier properties. David Rockefeller and Prudential Insurance Co. of America sold the center--which combines four office towers and shopping center space in the financial district--for about 20% more than the going rate for trophy properties in the city.
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BUSINESS
May 13, 1998 | Bloomberg News
Mortimer Zuckerman's Boston Properties Inc. has won the high-stakes contest for San Francisco's giant Embarcadero Center office and retail complex, agreeing to pay $1.22 billion for one of the West Coast's premier properties. David Rockefeller and Prudential Insurance Co. of America sold the center--which combines four office towers and shopping center space in the financial district--for about 20% more than the going rate for trophy properties in the city.
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