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3/15/2010 - SW Community Health Buys Santa Rosa Office
Southwest Community Health Center purchased the office building at 3569 Round Barn Circle in Santa Rosa, CA, from Equity Office Properties for $6.41 million, or about $151 per square foot.
The 42,500-square-foot office building was constructed in...
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3/15/2010 - In The Pipeline: CoStar Development and Construction News for March 14-20
In this week's In The Pipeline, developers will get another shot at winning the right to develop a casino at the Aqueduct Race Track in Queens, NY. Skanska USA has landed a $49 million contract to build the new headquarters office for Gainesville, FL...
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3/14/2010 - E! Renews HQ Lease in Los Angeles
E! Entertainment Television has re-upped its headquarters lease in Los Angeles, signing a 10-year renewal at Wilshire Courtyard. Comcast's popular entertainment network occupies a total of 335,304 square feet at 5700 and 5750 Wilshire Blvd.
One of...
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3/14/2010 - Lantana Media Campus Owner Secures $85M Loan
The Lionstone Group secured $85 million in acquisition financing for Lantana Media Campus, a 462,429-square-foot office portfolio in Santa Monica, CA, it purchased from Maguire REIT with cash in December.
The assets include four of the five Class A...
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3/14/2010 - CoStar's Retail News Roundup: Mar. 14 - 20, 2010
This week in the Retail Roundup, CoStar reports on expansions or new concepts at Urban Outfitters and Genesco; closings, cutbacks, bankruptcy, default, receivership or foreclosure news at French Connection, Men's Wearhouse, American Eagle and Williams...
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3/14/2010 - CoStar's Deals of Note for Monday
BOSTON
HHS Leases 114,500 SF in Quincy
By Angela Scott
The Executive Office of Health and Human Services for Massachusetts signed a lease for 114,451 square feet of office space at HarborSouth Tower in Quincy. MassHealth and other related divisions...
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3/12/2010 - Stonesfair Financial Buys 100-Unit Multifamily for $15M
Stonesfair Financial Corp. purchased the 100-unit apartment complex at 2950 W. Portage Bay Ave. in Davis, CA, from Stonegate Village Apartments for $15.1 million, or about $102,027 per unit.
Built in 1974, the 100-unit complex consists of about 117...
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3/11/2010 - CoStar's People of Note (March 7-13)
This week's People of Note includes the following markets: Los Angeles, New York City, Northern New Jersey and Orange County
LOS ANGELES
Studley Names Wilder as Senior Managing Director
The West Los Angeles office of Studley promoted Stacy A. Wilder...
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3/11/2010 - Two Deals Signed at McClellan Business Park
Two large transactions recently took place at McClellan Business Park in McClellan, CA.
The larger of the two is a deal with N Solar Inc., a solar module maker, which signed a lease for 116,727 square feet in the industrial buildings at 5201 and 5209...
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3/11/2010 - Phoenix Realty Names Head of National Acquisitions
Edward J. Ratinoff, a former J.E. Robert Cos./JER Partners executive, joined Phoenix Realty Group’s National Acquisitions unit as managing director. He will head the acquisitions teams responsible for PRG’s two funds that total $470 million in capital...
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3/11/2010 - Hanley Investment Group Hires Patrick Kent as SVP
Irvine, CA-based Hanley Investment Group hired Patrick Kent as a senior vice president. In this capacity, he will provide retail disposition and acquisition advisory services to clients.
Kent's more than 20 years of industry experience includes most...
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3/11/2010 - Studley Taps Wilder as Senior Managing Director
The West Los Angeles office of Studley promoted Stacy A. Wilder to senior managing director, project management services.
The former the corporate managing director was recognized because “she continues to manage and grow a key component of the suite...
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3/10/2010 - Two Vornado Realty Properties Go into Special Servicing
A subsidiary of Vornado Realty Trust notified the master servicer of the debt secured by its 2 million-square-foot High Point Furniture Mart in High Point, NC, that neither the subsidiary nor Vornado is prepared at this time to fund any shortfalls in...
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3/10/2010 - CalSTRS Buys Soon-Maturing Mezz Debt on City National Plaza
The California State Teachers' Retirement System (CalSTRS) acquired all of the mezzanine debt on City National Plaza at 505-555 S. Flower St. in downtown Los Angeles. Thomas Properties Group Inc., CalSTRS' partner in City National Plaza, completed the...
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3/10/2010 - Investors Picking Up Unfinished Condo Projects
LeaseFlorida LLC in Miami Lakes, FL, foreclosed on two failed residential condominium projects. In the first deal, Cypress Bay condo project in the Sunset Harbor area of Miami Beach. Cypress Bay was a planned 20-unit with ground floor retail at 1225...
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