Secured Capital Corp. is marketing the eight-building, 468,324-square-foot Central Research Park in Sunnyvale, Calif. The property is 99 percent leased and generated a net operating income of $6 million through the first nine months of the year.
December 6, 2004 CarrAmerica Realty Corp. (NYSE:CRE) has paid $129.7 million for Mission Towers I, a 282,080-square-foot office building in Santa Clara, Calif.The property, at 3975 Freedom Circle, was purchased from a partnership led by Tishman Speyer Properties, which developed ...
November 18, 2004 LaSalle Hotel Properties (NYSE:LHO) has acquired Chaminade, a resort and conference center in Santa Cruz, Calif., for $18.5 million. The Bethesda, Md., REIT has retained Benchmark Hospitality to continue managing the AAA Four-Diamond property. Texas-based Benchmark also ...
November 15, 2004 East Bay Business Times Four large business parks are planned in and around Tracy, Calif. Trammell Crow Co.'s Southern California Development and Investment Group and partner McMorgan & Co. have paid $42 million to acquire 52 acres ...
November 12, 2004 Essex Property Trust Inc. (NYSE:ESS) has paid $60.5 million for Esplanate Apartments, a 278-unit apartment complex in San Jose, Calif.The Palo Alto, Calif., REIT funded the purchase with proceeds of its recent sale of a 49.9 percent ...
November 8, 2004 Silicon Valley/San Jose Business Journal CIM Group is developing a $32 million mixed-use retail/residential building in downtown San Jose, Calif. The site of the project is a former city parking lot between Second and Third streets. When ...
November 3, 2004 A venture led by a Westcore Properties affiliate has paid $52.8 million for Vasona Technology Park, a 307,000-square-foot complex in California's Silicon Valley.Westcore, a San Diego real estate company, teamed on the purchase with Longwing Real Estate ...
Secured Capital is marketing the 357-room Bay Area property on behalf of GMAC, which recently foreclosed on the property's debt. It should trade in the $40 million range.
November 1, 2004 Silicon Valley/San Jose Business Journal Equity Office Properties Trust renewed a major lease with Silicon Valley Bank to keep the bank's headquarters in Santa Clara, Calif., for another decade. Silicon Valley Bank will occupy 213,500 square feet ...
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