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• Kaiser Permanente Checks into 35k sf of Sacramento-Area Space
3/24/11
Kaiser Permanente signed a seven-year lease for 35.1k sf of space at Parkway Corporate Plaza in the Sacramento suburb of Roseville. Parkway Corporate Plaza, a 28-acre master planned office park located on East Roseville Pkwy,...
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• Stockton Walgreens Property Sells for $350/sf
3/15/11
A family trust from Gilroy, CA purchased a 14.8k sf retail property occupied by Walgreens for $5.21 mil, of about $350/sf. Built in 2008 and situated on just under 1.5 acres, the property is located at 7850 West Lane in the c...
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• Hines Closes Eight Deals at Its Gateway Oaks Office Campus
3/10/11
Hines Value Added Fund II closed eight new/renewal leases for a combined 28.9k sf of office space at the Energy Star-labeled Gateway Oaks, a four-building Class A office park in the South Natomas submarket. .
Hines was rep...
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• G&E’s Bryce MacDonald Lands 375k sf Industrial Leasing Assignment in Stockton
3/08/11
Mid-Peninsula Properties Inc has awarded the leasing assignment for a three-building, 375k sf portfolio of warehouse/distribution buildings in Stockton to Bryce MacDonald of Grubb & Ellis Company.
The properties are located...
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• Animal Doc Purchases Sacramento-Area Building for $1.75 Mil
2/23/11
An 8.4k sf building in the NoCal city of Folsom was purchased by Jennifer Sweet, a local veterinarian, for $1.75 mil ($208/sf). The property, a former restaurant, is located at 1770 Prairie City Rd, north of Hwy 50 and east o...
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• AMCAL Set to Open Its Fourth San Joaquin Valley Multi-Housing Community
2/11/11
Summer Hill Place, a new 50-unit family workforce development in Fresno, is slated to open on February 16, 2011. The project was developed by SoCal-based AMCAL Multi-Housing Inc and represents the company’s fourth San Joaquin...
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• KBS REIT Closes on 234k sf Sacramento Office Buy
2/04/11
The most recent office investment activity in Sacramento involves two buildings in the mixed-use Sacramento Gateway development that were acquired by KBS Real Estate Investment Trust II (KBS REIT II) of Newport Beach for $47....
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• NBS Financial Arranges $16 Mil on Sacramento Office Property
1/28/11
NBS Financial Services has arranged a $16 mil loan for Granite Park Regional, a 149k sf office building in Sacramento. NBS’ Ken Griggs and Paddy Ryan placed the financing on the single-tenant building, currently occupied by t...
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• Sacramento Office Tower Receives LEED Gold Certification
1/24/11
Wells Fargo Center, a 502.4k sf office tower located at 400 Capitol Mall in Sacramento, has received Gold certification under the U.S. Green Building Council's LEED® rating system for Existing Buildings. Designed by HOK, Well...
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• Pair of Sacramento Apartment Sales Total Up to $8 Mil
1/19/11
Two Sacramento apartment communities recently sold in separate deals with above-market asking prices. The transactions, which had a combined value of more than $8 mil, were brokered by Voit’s Gaellelli Investment Team.
In th...
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• 200-Unit Sacramento-Area Apartment Complex Sells for Over $10 Mil
1/13/11
A 200-unit apartment complex in the Sacramento Valley traded hands at a price of $10.15 mil ($50.8k/unit). Located at 5925 Rampart Dr in the city of Carmichael, the asset contains a total of 206.4k sf of space in 39 wood-fram...
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• 148-Unit Apartment Community on Outskirts of Sacramento Sells for Over $11.5 Mil
1/06/11
Sierra Ridge, a 148-unit apartment community in Citrus Heights, sold for $11.635 mil ($78.6k/unit). The property Is located at 7434 Auburn Blvd, on the southeast side of I-80. Citrus Heights is situated roughly 20 miles nort...
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• Grubb & Ellis Sees Slow Recovery Mode in Leasing for All Property Types in 2011
1/04/11
The new year should bring the start of a slow recovery in the leasing market for all property types, according to the 2011 Real Estate Forecast from national real estate services firm Grubb & Ellis. Activity in the investmen...
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• NBS Real Estate Closes Two Sacramento Apt Investments
12/13/10
Portland-based NBS Real Estate Capital LLC recently closed two notable investment deals in Sacramento-area apartment properties. The company made a $1.66 mil preferred equity investment made in a 62-unit apartment property lo...
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• Sacramento Industrial Market Sees Continued Negative Absorption
11/19/10
Here’s a brief overview of the Sacramento industrial market as of the third quarter of 2010. This update was provided to us by national real estate services firm Grubb & Ellis.
• The Sacramento industrial vacancy rate increa...
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• 332k sf NoCal Industrial Property Sells for $9 Mil
11/15/10
Diamond Pet Food Products recently closed on the purchase of a 332.4k sf industrial property in Ripon, about 70 miles directly south of Sacramento. The property, located at 924 S. Stockton Ave, on the southwest side of Hwy 99...
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• NoCal Retail Tenant Activity
11/02/10
Who says retailers aren’t taking new spaces? We think the brokers at Terranomics, the retail specialists, could tell a different story. Here are pieces of information on seven recent retail leases closed by Terranomics agents...
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• Investors Pick Up Sacramento-Area Multifamily Assets
10/08/10
We’ve got a couple of recent apartment sales comps from the Sacramento area to share with you. In one deal, the 39-unit Almondwood property in Winters sold for $2.55 mil ($65.4k/unit). The property is located at 801 Dutton St...
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• Roseville Office/Retail Portfolio Listed for Sale
9/28/10
A three-asset office and retail portfolio totaling 210k sf in Roseville has been put on the market, with Grubb & Ellis team of Steven Golubchik and Nicholas Bicardo handling the listing. The properties, Stoneview Plaza, Eure...
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• NewMark Merrill Awarded Management/Redevelopment Assignment for Sacramento Retail Center
9/16/10
NewMark Merrill Companies has been named to handle the management and redevelopment of Southgate Plaza, a 365k sf retail center in Sacramento. LA-based NewMark Merrill will immediately begin a comprehensive repositioning effo...
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