Thursday, March 08, 2012

PIMCO's Taj Mahal

by Bill McBride on 3/08/2012 06:39:00 PM

While we wait for the offical Greek announcement of the bond swap participation at 1 AM ET Friday (Reuters is reporting: Nearly 95% of Greek Creditors Agree to Bond-Swap Deal), and for the February employment report (preview here), and for Freddie Mac to finally release their Q4 results (what is taking so long?), below is a picture of the new PIMCO tower being built in Newport Center.

Pacific Investment Management Co. will lease the 20 story, 380,000-square-foot building, from the Irvine Company. The building is expected to be completed next year.

PIMCO's Taj Mahal Click on graph for larger image.

They have the structure in place for the 6th floor (of 20).

Not tall by New York standards, but this building will have a great ocean view.

Hmmm ... another typical California day ... sunshine and palm trees.

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