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• Exciting New Mixed-Use Project in Burien, WA Opens to Public
5/26/09
Burien Town Square, a unique, new residential and retail community in the city of Burien, WA, just celebrated its grand opening. The mixed-use community, which features 124 condominium homes, a new city hall, county library, ...
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• NoCal Deal Update
5/26/09
EMERYVILLE (Alameda County) – Hollis Street LLC paid $17 mil for a 55k sf ($309/sf), single-story office building located at 5650 Hollis St. The single-tenant property was fully leased to Bayer Pharmaceuticals, which utilizes...
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• AMB Inks 687k sf of 1st Qtr Leases in SoCal
5/21/09
San Francisco-based AMB Property Corporation, the big industrial owner/developer, completed leases totaling 687k sf of space at its SoCal distribution facilities during the first quarter of 2009.
The recent leasing activit...
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• Prime Old Town Pasadena Multifamily Property Hits the Market
5/20/09
Here’s the scoop on an opportunity to acquire an 84-unit multifamily community in a prime Old Town Pasadena location. The property – The Mark Pasadena – is situated just a few blocks from numerous restaurants and retail store...
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• McCarthy Begins Work on Major Kaiser Permanente Project in Fontana
5/20/09
McCarthy Building Companies has begun construction on a new hospital, central plant and support building for Kaiser Permanente in Fontana. Located on the southern end of the existing Kaiser Permanente Fontana Medical Center s...
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• Tough Year Ahead for Inland Empire Office Market
5/19/09
Weakness in the Inland Empire's office sector is expected to intensify this year as troubled employers execute strategies to cut costs, according to the 2009 National Office Research Report by Marcus & Millichap.
"The Inlan...
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• HFF Arranges $23 Mil Refi on Inland Empire Multifamily Property
5/18/09
HFF (Holliday Fenoglio Fowler, L.P.) has arranged $23.28 mil in refi money for Ironwood Apartments, a 260-unit multifamily community in Rancho Cucamonga. The property is located at 11100 4th St, less than one mile from the I-...
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• Newly Converted Newbury Park Industrial Condo Project is 70% Pre-Sold
5/15/09
A newly converted industrial condominium business park in Newbury Park targeting small businesses – ranging from electrical and paint contractors to vehicle storage – is 70 percent pre-sold at the completion of the renovation...
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• Wells Fargo Provides $59 Mil Refi for BH Properties’ Portfolio
5/15/09
BH Properties LLC and Wells Fargo’s Real Estate Banking Group just closed financing of approximately $59 mil on a 12-property portfolio. The properties, which consist of retail, warehouse and office, are located in Oregon, Fl...
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• Towers to Remain in Century City Tower after $10 Mil Renewal
5/14/09
In a recent Westside office lease, the firm of Towers Perrin Forster & Crosby agreed to a five-year, $10 mil renewal for 43.2k sf of Class A space at Watt Plaza in Century City. The transaction has an average rent of roughly ...
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• AvalonBay Closes $33 Mil Puget Sound Multifamily Buy
5/14/09
In one of the largest multi-family sales in the Puget Sound region so far in 2009, Washington D.C.-based AvalonBay Communities purchased the 220-unit Verona apartment complex from Northwestern Mutual. The final sales price w...
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• Valley Village Development Site Offered for $13 Mil
5/13/09
A 150.5k sf development site is being offered for sale in Valley Village, a community in the eastern San Fernando Valley that used to be an upscale part of North Hollywood. Located at 12629-12729 Riverside Dr, just north of t...
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• ADP Inks 115k sf Downtown Portland Office Renewal
5/13/09
In a significant Portland, OR office deal, ADP Inc, the big international provider of business outsourcing services, has signed a long-term renewal for its 115.2k sf multi-floor office space at ADP Plaza, located at 2525 SW F...
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• Stirling Completes Work on 1 msf Facility in Victorville
5/12/09
In the latest development update from Victorville, Stirling Capital Investments has completed construction on Distribution Centre 1 (DC1), a 1 msf Class A industrial facility situated on approximately 46 acres at Southern Cal...
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• U.S. Bank National Association Takes 82k sf of OC Office Space
5/12/09
U.S. Bank National Association inked a 10-year lease for 82.5k sf of space at 3121 Michelson in Irvine, in what has to be seen as a good sign for the OC office market, which took a considerable hit as a result of the sub-prim...
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• San Francisco Leasing Activity Reaches New Low
5/11/09
As tenants continue to evaluate internal operations and external conditions, four-quarter trailing leasing activity (the sum of all leasing activity over the last four quarters) declined, totaling 5.4 msf at the close of the ...
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• Rexford’s Latest Whittier Tenant is a Perfect Fit
5/08/09
One SoCal real estate firm that has continued to enjoy considerable leasing activity in these tougher times is LA-based Rexford Industrial LLC, a privately held company that, since January 2009, has completed 20 new leases to...
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• Northgate Gonzalez Markets Inks Deal for 375k sf Anaheim Distribution Center
5/07/09
Northgate Gonzalez Markets has inked a 15-year lease for a yet-to-be-constructed 375k sf warehouse and distribution center in Anaheim that the company intends to use as its future support center. The project will be construct...
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• Trio of South OC Multifamily Assets Fetch $201 Mil
5/06/09
CBRE Capital Markets group arranged financing for the transaction, while Sherry Meyerhoff Hanson & Crance LLP handled legal matters for Stoneridge on both the purchase and financing of the property. Fairfield Properties LLP w...
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• Hampton Inn & Suites at Turner Riverwalk Gets Underway
5/06/09
Construction is underway on a 132-room Hampton Inn & Suites at Turner Development Corporation’s Turner Riverwalk, a 1 msf master-planned business park in Riverside. Sun Development and Management Corporation is the developer...
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