Los Angeles-based Palisades Mexico Partners, a joint venture between Joaquin de Monet, founder and managing principal of Palisades Capital Realty Advisors, LLC, and Sergio Arguelles, who is the head of Mexico-based FINSA, a commercial real estate development firm, has some serious acquisition plans.

The new venture between the two firms, called Palisades Income & Growth Fund II, has a reported $150 million to spend on office assets across the West Coast of North America. The team is looking to purchase various suburban office buildings to build up its burgeoning portfolio.

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