i guess he's not here and i believe richard ivanhoe will not be able to come. connor super supervisor. >> london breed. >> supervisor breed's office . >> for the time being. you never know. thank you commissioners. richard ivanhoe has been serving on prozac for several years now and appointed by one of breed's predecessors and long time community activists for parks and improving access and the parks themselves and a great public servant in this capacity. i worked with your staff chair yee to schedule this and he would have to take the day off and it would be best to schedule it today and hopefully support him in absentia. thank you. >> thank you for coming on his behalf and both candidates submitted their statements. and i believe supervisor wiener is supporting mark on this. okay. any public comments on this item? seeing none public comment is now closed. [gavel] . supervisor tang. >> sure. so again these are -- both of these seats are appointments are by the very supervisors so given that and the past involvement move forward these of mark scheuer to seat se

sold to a venture led by a canadian property investor ivanhoe.would be the second largest sale of a u.s. office building in u.s. history. what i find interesting here is blackstone, perhaps one of the savviest buyers and selling of real estate have been doing quite a bit in the u.s. of late. there is no doubt they've been selling more than buying in this market. you've got to remember they bought a lot during 2008 to 2012 under the leadership of jonathan gray. we talk about blackstone and think about private equity. real estate is their biggest business. they have a close end fund business you've got to start to get returns on those funds and return money to investors. so that happens. you have prices up, 4.5% cap rate. that's the yield this is being bought at. don't forget that they control hilton. though they recently sold more hilton. that waldorf sale to the chinese insurance company was a 2% cap rate. and they got 100-year management contract. >> pinnacle foods today 20 million shares selling. >> and blackstone selling again. >> i just think