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KBS Strategic Opportunity REIT Forecloses on Two Sacramento Biz Parks 8/04/11 KBS Strategic Opportunity REIT has foreclosed on and gained ownership of two Sacramento-area business parks totaling more than 324k sf of space. KBS has initiated leasing efforts at each property.
One of the properties is ...
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Sacramento Office and Industrial Market Snapshot 8/01/11 Here is a brief overview of the Sacramento office and industrial markets during the second quarter of 2011. This summary was provided to us by the Sacramento office of Grubb & Ellis.
Office
• Vacancy in the Sacramento offi...
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Westcore Completes Second Sacramento-Area Purchase in the Last 30 Days 7/25/11 Westcore Properties closed its second Sacramento-area acquisition in 30 days, as the San Diego-based firm spent $1.872 mil for 8388 Rovana Circle, a 72k sf distressed industrial asset. The property was purchased from Sterling...
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Basin Street Adds Four at California Center 7/19/11 Basin Street Properties has added four new tenants to its California Center business park in Sacramento. Occupying a combined total of nearly 16k sf, the new leases include Children’s Law Center, Commonwealth Brands Inc and ...
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Brand Name Retailers Find Taking Space in Sacramento a Capital Idea 6/16/11 Bed Bath & Beyond is set for a new store opening this fall at The Promenade @ Sacramento Gateway. Don Krieger with Terranomics Retail Services, the exclusive tenant representative of Bed Bath & Beyond (BBB) in Northern Califo...
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Vacaville Multifamily Property Sells for $88k/Unit 6/07/11 A Green Leaf Partners entity paid $5.55 mil for Meadowood Apartments, a 64-unit ($88k/unit) multifamily community located in Vacaville. The property was sold by Walnut Creek-based Bridge Partners.
Originally constructed in 1...
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Sacramento-Area Multifamily Asset Trades for $76.5 Mil 5/12/11 A private investment group paid $76.5 mil for Slate Creek at Johnson Ranch, a 612-unit multifamily community in the Sacramento suburb of Roseville. The sales price represents $125k per unit and $120 per sf.
The 638k sf prope...
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You Say Tomato, Amir Development Says New 300k sf Tenant 4/06/11 Olam Tomato Processors Inc leased 298k sf of space at 1400 Churchill Downs Ave in Woodland, about 20 miles northwest of downtown Sacramento. Olam, a leading global supply chain manager and processor of agricultural products a...
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NBS Financial Services Arranges $7 Mil on Sacramento-Area Office Property 4/04/11 NBS Financial Services has arranged a $6.9 mil loan on the Cobblerock Office Building, a Class A, multi-tenant building in Rancho Cordova, a suburb of Sacramento. The loan was arranged by NBS’ Executive Vice President Ken Gri...
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Sacramento Retail Update 3/24/11 Here’s the scoop on three recent retail transactions from the Sacramento area. In the first deal, California Barbering & Cosmetology Apprenticeship Learning Inc leased 2k sf of inline space at the Laguna Village shopping cen...
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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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