.Port Approves Sale of Jack London Square

The Oakland Port Commission approved the proposed sale last night of most of the buildings in Jack London Square to the San Francisco-based real estate investment company, Divco West. Under the deal, Ellis Partners, the private development firm that had been the majority owner of the buildings, will now own just a 1.5 percent stake, while Divco West will own 98.5 percent. Ellis Partners, however, will continue to run day-to-day operations at the square.

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