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• The Muller Company Picks Up Almost 2 msf of New Management Contracts
3/26/10
The Muller Company has been awarded three new management contracts totaling over 1.9 msf. DCT Industrial Trust Inc selected The Muller Company to manage its Phoenix, AZ portfolio of 14 industrial buildings totaling over 1.6 m...
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• Industrial Occupancy Stabilizing in Seattle-Tacoma
3/26/10
Industrial occupancy rates for commercial space in and around the Seattle-Tacoma property market appear to have stabilized, according to the latest market research from Colliers International. Based on its total square footag...
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• Pac Northwest Investor Closes $27 Mil AZ Apartment Buy
3/25/10
The seller was 109th Avenue and Olive LLC, an Arizona limited liability company of Tempe, AZ. The Buyer was Weidner Investment Services Inc. Mark Forrester and Ric Holway of Hendricks & Partners were involved in brokering the...
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• Continental Mills Inks Long-Term lease for New WA Build-to-Suit
3/25/10
Continental Mills Inc agreed to a long-term lease for a new 57.8k sf build-to-suit structure in Tukwila, WA that the company intends to use for corporate office space. The building, which is set to break ground this spring an...
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• Zumiez Purchases 168k sf Corona Distribution Facility
3/24/10
Zumiez Inc has purchased West Corona Corporate Center, a 168.5k sf industrial facility in Corona, for $11.79 mil ($70/sf). The property is located at 1346 Railroad St, north of the 91 Fwy and west of I-15, a few blocks southe...
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• OC’s KBS REIT II Closes on Another Sizable Texas Buy
3/24/10
OC-based KBS REIT II, a public, non-traded real estate investment trust, has purchased three buildings totaling 283.6k sf of Class A industrial/flex space at Plano Business Park in Plano, TX, roughly 20 miles north of downtow...
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• Steel Topped Off on New Kaiser Permanente Hospital in Fontana
3/23/10
Structural steel was topped off on a new replacement hospital for Kaiser Permanente in Fontana. Located on the southern end of the existing Kaiser Permanente Fontana Medical Center site, the hospital facility will replace the...
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• Summit Capital Looking to Place $380 Mil on Hotel Properties
3/23/10
In a welcome indicator of greater capital choices in these still very challenging times for borrowers, Summit Capital announced it will begin looking at new deals with the objective of placing roughly $380 mil of non-recourse...
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• Investor Picks Up 45k sf NoCal Tech Building
3/19/10
A 44.8k sf Bay Area R&D/flex tech building traded hands in a recent transaction that required only two and a half weeks to close. The property, located at 1561 Buckeye Dr, south of Tasman Dr and west of I-880 in Milpitas, wa...
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• Pathfinder and Pittman Launch New Colorado Opportunity Fund
3/19/10
Pathfinder Partners LLC, a San Diego-based company that invests in distressed real estate and defaulted loans, has joined forces with Denver’s Pittman Development Group to launch the Pittman Pathfinder Colorado Opportunity Fu...
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• OC Firm Closes Phoenix Hotel Buy
3/18/10
Newport Beach-based Stoneridge Capital Partners has acquired the 119-room Hotel Highland in Phoenix. Located at 2310 East Highland Ave, Hotel Highland sits in the heart of Phoenix’s Biltmore District, commonly known as the Ca...
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• E!normous West LA Office Renewal
3/18/10
E! Entertainment Television inked one of the largest West LA office leases in some time, agreeing to a 10-year renewal of its 355.3k sf space at the Wilshire Courtyard office complex, located at 5700 and 5750 Wilshire Blvd in...
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• CBRE Management Portfolio Up to 50 Properties with LEED Certification
3/17/10
The U.S. Green Building Council (USGBC) has awarded LEED for Existing Buildings (Leadership in Energy and Environmental Design) certification to 50 separate projects managed by CB Richard Ellis Group as part of its U.S. manag...
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• OC’s Griffin Towers Sells for $90 Mil
3/16/10
In a major OC office sale, a venture of Lincoln Property Group and Angelo Gordon have acquired Griffin Towers, a two-building, 547k sf office complex in the South Coast Metro area, for $90 mil in an all-cash transaction. The ...
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• Gangi Development Looking to Re-Position Distressed Res Condo Projects
3/16/10
Burbank-based Gangi Development Company is actively seeking distressed residential condo projects currently being held by banks and that can be readily re-positioned into affordable housing. Gangi is working with an opportuni...
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• Burlingame Office Complex is Virgin Territory for Equity Office
3/15/10
Virgin America’s corporate HQ expansion deal was one of three recent lease transactions at Bay Park Plaza, a two-building office complex located at 555 and 577 Airport Blvd in Burlingame. The other deals were with MacCorkle I...
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• Trigild Named Receiver for Phoenix Skyscraper
3/12/10
San Diego-based Trigild Inc was appointed receiver for the 24-story, 482k sf Viad Corporate Center in Phoenix. Located at 1850 N. Central Ave, east of Grand Ave and north of I-10, the office tower is encumbered by a $65 mil d...
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• Green Construction Support Continues Despite Recession
3/12/10
The Fourth Annual Green Building Survey by Allen Matkins, Constructive Technologies Group (CTG) and the Green Building Insider reveals surprising results regarding green construction. The Green Building Survey, completed by ...
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• Westside Media Companies Choose to Stay at Westside Media Center
3/11/10
Kilroy Realty Corporation has locked up 113.8k sf of lease renewals at Westside Media Center, a recently renovated Class A office complex located at 12100, 12200 and 12312 West Olympic Blvd, near the 405 and 10 Freeways and w...
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• Department of Defense Takes Occupancy of New El Segundo Facility
3/10/10
The United States Department of Defense has taken occupancy of the newly completed Los Angeles Military Entrance Processing Station (MEPS) in El Segundo, which was developed by Mar Canyon Grand LLC. The 33k sf building is loc...
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