New York firm Capital Properties bought the 88 Howard St. residence towers in San Francisco from Beacon Capital Partners LLC for $143 million, the firms said in a release. Capital Properties plans to upgrade the property; this is its first West Coast purchase. The company has developed more than eight million square feet of commercial space and 18,000 residential units.
The McKesson Corp. (MCK) chairman, received compensation valued at $22.6 million for guiding the nation’s largest prescription drug distributor to a record profit during its last fiscal year. Hammergren’s package, disclosed Wednesday in a regulatory filing, included $11 million in bonuses and a $1.37 million salary. He also was awarded stock options and restricted stock.