Spieker Buys $58 Million in Office Buildings

Spieker Properties Inc., a real estate trust based in Northern California, has moved into Southern California with several major office building purchases. Menlo Park-based Spieker recently spent $58 million on office buildings in San Diego and Orange County. One of the West Coast’s largest real estate companies, Spieker owns 135 industrial, office and retail properties in Seattle, Portland, Oregon and Boise, Idaho, as well as California. About half of its properties are in the San Francisco Bay area.

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Debora Vrana covers real estate for The Times. She can be reached at (714) 966-5979 and at debora.vrana@latimes.com.