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May 7, 2002 DENVER – Three units of GMAC Commercial Holding Corp. collaborated in an effort to structure $33.7 million of tax-exempt bond financing for the purchase and rehabilitation of the Valley Palm Apartments in San Jose, Calif.The complex transaction ...
Office rents across the country are now where they were in 1998, according to Torto Wheaton Research. Markets dependent on the high-tech sector were the hardest hit. San Jose, Calif., saw rents fall by 38 percent.
Carl Berg has bought the office/R&D complex in San Jose's Golden Triangle as a value-added play. Though it is fully leased, the property has a significant chunk of space available for sublease.
March 7, 2002 SAN JOSE, Calif. – The Hidden Brook apartment complex, a Class-B complex at 463 Wooster Ave., has traded hands for its asking price of $20.65 million – that's $102,736/unit or $177/sf.Tustin, Calif.-based RHC Communities bought the 201-unit ...
Complex at 463 Wooster Ave. was built in 1972 and is 98 percent occupied.
Complex is fully leased to 2 tenants, but about 70% of space is available for sublease.
February 19, 2002 SSR Western Multifamily LLC, a joint venture led by SSR Realty Advisors, recently bought two newly built apartment projects in California. In separate deals, the SSR venture bought Allegro at Jack London Square in Oakland and Pavona ...
November 27, 2001 SAN JOSE, Calif. – Fremont Investment has provided $20 million in floating-rate debt for the two-building headquarters facility of Aspect Communications.The five-year debt carries a 20-year amortization schedule, a 50 percent loan-to-value ratio, and is pegged off ...
October 15, 2001 SAN JOSE, Calif. – Mission West Properties Inc. (AMEX:MSW) has sold a 77,700-square-foot research and development property to Cisco Systems Inc. for $15.4 million.The REIT gained about $8.5 million from the sale of 5713 Fontanoso Way. In ...
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