City: Bakersfield

REBusiness Online A private company has purchased the 240-unit Pine Brook Apartments at 5000 Belle Terrace in Bakersfield, Calif., for $22 million, or $91,667/unit. The Mogharebi Group represented the seller, which was not identified. The property, developed in 1971, has ...

Austin Business JournalA venture of Capital City Partners LLC and Sage Land Co. is developing a 115,000-square-foot office building in Austin, Texas. The eight-story Capstar at Compass Plaza is being developed for Compass Bank of Birmingham, Ala., which is relocating ...

Boston Business Journal Wellington Management Co. is negotiating to lease more than 500,000 square feet of office space in Boston's Russia Wharf development. The money management firm is expected to relocate operations from 75, 28 and 200 State St. when ...

A venture between HBF Holdings LLC and Noble House Hotels & Resorts has acquired the Palm Springs Riviera Resort & Racquet Club hotel in Palm Springs, Calif. The venture plans a $50 million renovation of the property, including the possible ...

A venture between GW Realty and a Buchanan Street Partners investment fund has paid $18.4 million for California Corporate Center, a 197,371-square-foot office park in Bakersfield, Calif. A GMAC Commercial Mortgage affiliate sold the property, which consists of two buildings.California ...

Atlanta Business ChronicleEquity Office Properties Trust is planning to construct Prominence II, a 380,000-square-foot tower in Buckhead, Ga. The company is looking for an anchor tenant for the second phase of its development. Prominence I has recently renewed and expanded ...