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• NoCal Deal Briefs
2/03/05
WEST SACRAMENTO (Sacramento County) – The city of West Sacramento acquired 22.19 acres of land at 2925 Ramco St, in the Southport area of West Sacramento, for a new city corporation yard. The property was sold by Sacramento-b...
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• Sacramento-Area Buyers Find Fairhaven for $4 Mil
2/03/05
Here's the scoop on a couple of Sacramento-area multifamily sales, one for a retirement community and the other for a 24-unit apartment property. In the larger of the two deals, Carmichael, CA-based Artisan Development paid $...
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• Transcan Plan Calls for 1 msf Retail Center in East Bay Area
2/02/05
Transcan Development LLC has announced plans for a major new retail development in the region around the city of Antioch in the eastern part of the Bay Area. The project, called County Crossings, will be a 1 msf regional reta...
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• Carr in Driver's Seat in Palo Alto Office Expansion
2/01/05
Carr & Ferrell LLP, a Silicon Valley-based technology law firm, is expanding into 35.1k sf of office space at Embarcadero Place in Palo Alto. Carr & Ferrell initially leased 24k sf of space at the property last year, and will...
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• Apartment Investors Know the Way to San Jose
1/31/05
The San Jose apartment market has moved up three places in Marcus & Millichap's National Apartment Index, ending the year at No. 22, up from No. 25 one year earlier. The Index, which ranks 42 apartment markets based on a seri...
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• Sunnyvale Property Could Fetch $424/sf
1/28/05
A three-building, 425k sf Sunnyvale office complex that is fully leased by Jupiter Networks has been listed for sale by CalSTRS. The property, known as Mathilda Research Center I and II, is expected to sell for somewhere arou...
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• South Bay and Pacific Coast Capital Join Forces in $62 Mil Buy
1/27/05
A venture made up of South Bay Development, out of Campbell, and San Francisco-based Pacific Coast Capital Partners LLC, has purchased a portfolio of R&D properties in Silicon Valley for $62.5 mil, according to the Silicon Va...
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• Divco Gets Its Point Across in Brisbane Buy
1/26/05
A DivcoWest Properties-related entity has acquired a 218k sf office building at 2000 Sierra Point Pkwy in Brisbane, a peninsula city situated north of San Francisco International Airport in San Mateo County. The 12-story, 18-...
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• NoCal Deal Briefs
1/25/05
OAKLAND (Alameda County) -- CB Richard Ellis' Jeffrey Roe was awarded the sales listing for Lake Merritt Hotel, a historic, late 20's Art Deco structure which sits on the western shores of Lake Merritt adjacent to the Essex c...
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• San Francisco's Muni Pulls into 270k sf at One South Van Ness
1/24/05
The City and County of San Francisco's Metropolitan Transit Authority (MTA) has inked a staged lease with TMG Partners for 270k sf at One South Van Ness in downtown San Francisco. Muni will occupy 62k sf immediately, with the...
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• Lexington in the Driver's Seat in Deal for Eight Bentleys
1/21/05
Here's news of a large Sacramento office buy, as Lexington Corporate Properties, a New York-based REIT, has agreed to purchase eight buildings, totaling 720k sf, from LA-based BentleyForbes. The properties, which are part of ...
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• Bay Area Deal Notes
1/20/05
SAN FRANCISCO (San Francisco County) -- Terri M. Slocombe of Newmark Realty Capital Inc arranged financing in the amount of $12.5 mil for 177 Post St. The financing was arranged with Genworth Financial, on behalf of 177 Post ...
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• Equity Tries to Secure Buyer for $600 Mil Value-Added Portfolio in the Bay Area
1/18/05
Equity Office Properties, the nation's biggest office property owner, has put a 2.3 msf portfolio of NoCal properties on the market, with a total value said to be around $600 mil. An article in the most recent edition of Real...
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• Upscale Sacramento-Area Apartment Complex Listed at $53 Mil
1/13/05
Here's an opportunity to acquire a large upscale Sacramento-area apartment property that just hit the market. The property is called Vineyards at Valley View, a recently completed 344-unit complex in the affluent El Dorado Hi...
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• Equity Acquires Mill Valley Office Complex
1/12/05
Chicago-based Equity Office Properties paid $19.2 mil for a long-term ground lease interest in Shoreline Office Center, a two-building, 97.9k sf office complex in San Francisco's North Bay. The property, built in 1983, is cur...
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• NoCal Pro Moves
1/10/05
Eric Von Berg, a Principal at Newmark Realty Capital Inc, was recently named Chairman for the Education Committee of the Mortgage Bankers Association of America for 2005. Currently, Eric is also the Income Property President ...
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• Bay Area Deal Briefs
1/07/05
SAN FRANCISCO (San Francisco County) - The Post Hotel, a 36.3k sf residential hotel at 589 Post St, was purchased for $4 mil by CSV Hospitality. Tony Crossley, Lent Howard and Bert Damner of Colliers International represente...
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• Shorenstein Negotiating another San Francisco Office Buy
1/06/05
True to their word, Shorenstein Company remains an active investor in San Francisco's office market, only months after unloading a number of major buildings in the city. According to a recent report in the San Francisco Busin...
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• January 5, 2005 - Thomas Properties Wins Additional Awards for Its Lean Green Tenant Machine
1/05/05
The Joe Serna Jr-Cal/EPA Headquarters Building in downtown Sacramento, developed and operated by Thomas Properties Group (Nasdaq:TPGI), has won two additional major green building awards - the first highrise platinum certific...
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• Local Credit Union to Spend Time in Folsom
1/04/05
California Community Credit Union purchased a 5.2k sf office building in the city of Folsom for $1.275 mil ($245/sf). The property, located at 8815 Folsom Blvd, located near the juncture of I-50 and Watt Ave, is one of two s...
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