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• Security Properties Closes $22 Mil Apartment Buy in Downtown San Diego
7/21/10
Security Properties Inc. paid $22 mil for Entrada, a 172-unit apartment property located at 453 13th St in downtown San Diego’s East Village area. The multifamily transaction is the first apartment sale of 100 units or more i...
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• Rates for San Francisco View Space on the Rise
7/21/10
The latest data from global real estate services firm CB Richard Ellis shows that rates for high-end office space in San Francisco have jumped significantly as the economy has started to pick up. As CBRE Senior Vice President...
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• Ontario Office Deals Ring Up to Over $10 Mil
7/20/10
A pair of recent office leases in Ontario combined for over $10 mil in total value. The transactions, with University of Phoenix and Defense Contract Management Agency (DCMA), took place at the 100k sf University Plaza, loca...
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• Acacia Capital Spends Over $33 Mil on Livermore Multifamily Property
7/20/10
Ironwood Apartments, a 184k sf, 240-unit apartment complex in Livermore, was acquired by Acacia Capital Corp, a San Mateo-based real estate investment fund manager, for $33.25 mil ($138.5k/unit). Built in 1973, Ironwood Apar...
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• Kilroy’s Buying Spree Includes 99k sf OC Office Property
7/19/10
Kilroy Realty acquired a 98.6k sf office building in Orange County for $22.25 mil ($226/sf). The building, located at 999 Town and Country Rd, south of the 22 Fwy and east of Main St in the city of Orange, is a 100 percent l...
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• Mid-Year Survey Suggests Private Real Estate Investors Remain Cautious but Optimistic
7/19/10
In a second quarter survey by Lee & Associates’ Investment Services Group, the Los Angeles-based brokerage firm invited thousands of its clients nationwide to complete a short online survey consisting of eight key questions f...
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• South San Jose Holiday Inn Sells for Over $10 Mil
7/16/10
The 208-room Holiday Inn hotel property in South San Jose recently sold for $10.5 mil ($50.5k/room). The 130k sf property is located at 399 Silicon Valley Blvd, just north of the confluence of the 101 Fwy and Hwy 85.
Built ...
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• Gas Company Renews 350k sf in Downtown LA
7/15/10
In a major office lease in downtown Los Angeles, Southern California Gas Company (The Gas Company) has agreed to a 15-year renewal for its 350k sf of space at The Gas Company Tower, located at 555 W. Fifth St, four blocks eas...
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• Kilroy Completes $70 Mil San Diego Office Buy
7/15/10
Kilroy Realty Corporation closed on a large San Diego office acquisition, paying $70.5 mil for Mission City Corporate Center, a 279.4k sf ($252/sf) complex in Mission Valley, in two separate deals months apart. The buy consi...
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• Historic San Francisco Office Properties Come on the Market
7/15/10
Here’s news of a unique office property opportunity to come on the market in San Francisco. A private investor has elected to sell two office portfolios, consisting of four properties, in the city’s historic Jackson Square Di...
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• Commercial Real Estate Financing Briefs
7/14/10
NEWMARK REALTY CAPITAL -- Newmark Realty Capital Inc has arranged a 20-year fully amortizing loan for $19 mil on 1635 Divisadero, a six-story, 66.1k sf medical office building in San Francisco. Located across from the UCSF Me...
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• San Diego Office Complex Purchased by Colony Realty Partners for $31.5 Mil
7/13/10
By Allen Wolfsheimer
An institutional-quality, San Diego-area office property traded hands in a recent $31.5 mil investment acquisition by Colony Realty Partners. The property is Spectrum Corporate Plaza, a two-building, 128...
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• Alameda Office Asset Sells for Over $10 Mil
7/13/10
Worthington Investments acquired Bay View Plaza, a 62k sf office building in Alameda, for $10.6 mil ($171/sf). The building is located within the Harbor Bay Business Park at 1600 Harbor Bay Pkwy, just north of Oakland Interna...
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• Redmond, WA Apartment Complex Trades for $18.5 Mil
7/12/10
Eagle Rim, a 156-unit apartment community in Redmond, WA, was acquired by a Palo Alto-based investor for $18.55 mil ($119k/unit). The property is located at 17325 NE 85th Place, north of Redmond Way and about 16 miles northea...
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• Packaging Products Company Spends $22 Mil on OC Industrial Property
7/12/10
We’ve got a large OC industrial sale to report, as Frick Family Properties LLC, doing business as Paper Mart, purchased a 246.7k sf facility in the city of Orange for $22.2 mil ($90/sf). The headquarters/distribution building...
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• Johnson Capital Arranges $40 Mil on SoCal Industrial Portfolio
7/09/10
Johnson Capital arranged $40 mil in permanent financing on six industrial warehouse / distribution buildings with a combined 1.043 msf of space. All of the properties are located in the Los Angeles and Inland Empire markets.
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• 264k sf Ontario Industrial Facility Sells to Cels
7/08/10
In a recent Ontario owner/user buy, Cels Enterprises, a shoe sales company, purchased a 264.7k sf industrial building at 1251 S. Rockefeller Ave, north of Jurupa St and just west of I-15. The property was sold by Arrow Electr...
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• 600k sf Seattle Campus Achieves LEED Silver Certification
7/08/10
Seattle Union Station LLC, a 606k sf, three-building business campus in Seattle, has been certified LEED® EB O&M Silver (Leadership in Energy and Environmental Design, Existing Buildings: Operations and Maintenance). The comp...
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• First Half 2010 Activity at Bayshore Technology Park is Over 250k sf
7/07/10
Randy Keller, Mike Moran, Ben Paul and Randy Arrillaga, out of the Burlingame and Palo Alto offices of Cassidy Turley BT Commercial, represented Prudential Real Estate Investment Management and Harvest Properties in 12 lease ...
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• New Escondido Res Project Marks the Transformation of a Troubled Neighborhood
7/06/10
The Crossings at Escondido, a new 53-unit residential project geared to working families in the Mission Park area of Escondido, is set to break ground. Developed by Urban Housing Communities LLC, the project marks the transf...
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