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Benvenuti bundle

SD company close to purchasing $800 million portfolio of Sacto developer

According to the Sacramento Bee, Westcore Properties of San Diego is down to short shakes in purchasing most of the portfolio of the late Sacramento developer Joe Benvenuti. It would be one of the largest purchases in Sacramento history. It would not include the Benvenuti family's 15% ownership of the Sacramento Kings basketball team, or its 50% share of Biba Restaurant, a favorite Sacramento dining spot. The portfolio consists of a vast collection of mostly industrial properties in California and a half dozen other states, according to the Bee. Founder and chairman of Westcore Properties is Marc R. Brutten, a grad of the University of California San Diego who has served on a number of community organizations in San Diego. Thanks to Matt Potter for alerting me to the item.

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According to the Sacramento Bee, Westcore Properties of San Diego is down to short shakes in purchasing most of the portfolio of the late Sacramento developer Joe Benvenuti. It would be one of the largest purchases in Sacramento history. It would not include the Benvenuti family's 15% ownership of the Sacramento Kings basketball team, or its 50% share of Biba Restaurant, a favorite Sacramento dining spot. The portfolio consists of a vast collection of mostly industrial properties in California and a half dozen other states, according to the Bee. Founder and chairman of Westcore Properties is Marc R. Brutten, a grad of the University of California San Diego who has served on a number of community organizations in San Diego. Thanks to Matt Potter for alerting me to the item.

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