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• Seattle a-Twitter Over New Office Lease at Century Square
8/28/13
San Francisco-based Twitter has leased 16k sf of space at Century Square in Seattle. Located at 1501 Fourth Ave, Century Square is a 30-story LEED Silver-certified office building with panoramic views of the Puget Sound. Term...
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• Hines and PCCP LLC Purchase Phoenix Class A Office Property
8/27/13
Kierland One, a Class A, 175.4k sf office building located in the North Scottsdale Airpark submarket of Phoenix, was acquired by Texas-based Hines along with joint venture equity partner PCCP LLC. The price was not immediate...
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• Restoration Work Completed on Historic Atascadero City Hall
8/26/13
Repair work on the historic City of Atascadero City Hall was just completed. The structure was severely damaged by the San Simeon earthquake in December of 2003, and subsequently red-tagged as uninhabitable. The work, which i...
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• Auction.com Facilitates Sales of Six Properties and Two Notes During Last Week of July
8/22/13
Popular online real estate marketplace Auction.com facilitated the closing of six commercial assets totaling more than $14 mil in purchase price and two commercial notes totaling $465k in value during the week of July 31, 201...
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• Retail Briefs
8/20/13
TEMECULA (Riverside County) -- A free-standing, 13.6k sf retail building sold for $3.525 mil ($259/sf). Built in 2001 and situated on 1.12 acres, the property is located at 40810 Winchester Rd and is 75 percent occupied by Ha...
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• Property Tax Filing Deadline for Much of California Approaching Fast
8/15/13
Here’s a helpful reminder to property owners, managers, real estate directors and other professionals overseeing real property matters – the property tax filing deadline for 2013 tax season ends September 16, 2013. This appli...
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• Beech Street Capital to Be Acquired by Capital One Financial Corporation
8/14/13
Beech Street Capital, a privately-held, national originator and servicer of Fannie Mae, Freddie Mac and FHA multifamily commercial real estate loans, is being acquired by Capital One Financial Corporation (NYSE: COF). The two...
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• The MACK Company Acquires 9.4-Acre Phoenix Site for New Ind Development
8/14/13
The MACK Company has acquired a 9.4-acre land site in north Phoenix for the development of a new, 169k sf Class A industrial project. The development, MACK Pinnacle, is located just west of the southwest corner of Pinnacle P...
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• Work Completed on New 600k sf Beaumont Distribution Facility for ICON Health
8/12/13
CT Realty Investors and ICON Health & Fitness have completed construction of ICON’s new distribution building in Beaumont. Located at 630 Nicholas Rd, the 600k sf facility is the largest building ever to be constructed in the...
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• Johnson Capital Arranges $17 Mil on 227-Unit Res Property in Kansas
8/12/13
Thomas Cohen, Principal, and John Schorgl, Vice President, of Johnson Capital’s Kansas City office have arranged a $17.2 mil loan for a 227-unit multifamily property in Olathe, KS.
The property is the Somerset Oaks Apartment...
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• David P. Waite Named Chair at ULI Los Angeles
8/05/13
David P. Waite has been named Chair at ULI Los Angeles, a District Council of the Urban Land Institute (ULI). A Partner with the law firm Cox, Castle & Nicholson LLP, Waite assumes the chairmanship of the land-use organizati...
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• Johnson Capital Launches New Division to Provide Structured Finance Solutions for Opportunistic RE Projects Across the U.S.
7/30/13
Johnson Capital has launched a new division, Johnson Capital Opportunistic Finance (JCOF). JCOF provides real estate investment banking services and structured finance solutions to opportunistic commercial and residential re...
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• TEXAS - Five CBRE-Managed Buildings Win BOMA International Outstanding Building of the Year Awards (TOBYs)
7/26/13
Five buildings managed by CBRE were honored with The Outstanding Building of the Year® (TOBY®) Award at the 2013 Building Owners and Managers Association (BOMA) International’s annual conference held in San Diego. Two of the ...
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• GLL Real Estate Partners Closes 163k sf AZ Office Buy
7/24/13
GLL Real Estate Partners Inc has purchased Broadway 101, a 162.5k sf, Class A multi-tenant office campus in Tempe, AZ. The property is located at 2141-2151 E. Broadway Rd, on the west side of the 101 Fwy and Price Rd.
The Br...
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• Mesa West Provides $59 Mil Refi on Hawaii Multifamily Community
7/23/13
“Bascom and Morgan Stanley Real Estate Investing have invested significant capital to upgrade common area amenities and unit interiors and plan to continue this effort by improving the clubhouse and renovating additional unit...
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• Draftsmen & Craftsmen
7/18/13
Construction has begun on the new 74k sf, located at 5555 Grossmont Center Dr in La Mesa. It is being constructed by McCarthy Building Companies, who was retained by the Grossmont Healthcare District (GHD), with CEO Barry Jan...
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• ViaWest Group and Contrarian Capital Management Acquire 321k sf AZ Biz Campus
7/16/13
ViaWest Group and joint-venture partner Contrarian Capital Management LLC have acquired Warner Business Center through a credit bid at the trustee sale. The joint venture had purchased the debt and completed the foreclosure p...
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• Johnson, Smith, Kachani and Lenhert Provide Insight at Recent SoCal Broker Exchange
7/11/13
Guy Johnson, Chairman and CEO of Johnson Capital, was the keynote speaker at a recent Broker Exchange gathering held by Sperry Commercial at The Pacific Club in Newport Beach on June 6th. The event, titled “Show Me the Money ...
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• Marcus & Millichap Capital Corp Closes $244 Mil in May
6/28/13
Marcus & Millichap Capital Corporation (MMCC) has arranged in excess of $244 mil in debt during the month of May, 2013. The company closed more than 100 transactions in that period.
Anita Paryani Rice and Jake Roberts, both ...
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• 328-Unit AZ Res Project Breaks Ground
6/25/13
Lennar Multifamily and Resmark Apartment Living recently broke ground on a 328-unit apartment project in Tempe, AZ. The development is set on 5.72 acres south of the Tempe Center for the Arts on Rio Salado Pkwy, adjacent to T...
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