Bond Expert: San Jose Redevelopment Successor Agency ‘Insolvent,’ Or Close

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By Sharon Simonson Business people have calculated the merits of strategic debt default and bankruptcy-protected reorganization for a long time. The financial and housing crises have introduced the tactic to...

Broker: Valley Shopping Center May Sell Below 5 Percent Yield

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By Jon Peterson A Mountain View shopping center developed in 2006 that is a stone’s throw from Google Inc.’s campus may trade based on a yield of 5 percent or...

Clarion Accepts 5 Percent Yield on San Francisco Purchases

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By Jon Peterson New York City-based Clarion Partners expects to achieve a 5 percent going-in yield on the two Class A office acquisitions it has just completed in San Francisco. But...

Orchard Partners Explores Midwest, East Coast Industrial

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By Sharon Simonson Lafayette-based Orchard Partners LLC continues to grow its industrial property portfolio, buying four sites since the beginning of the year: two in Kent, Wash., near Seattle and...

Prudential Buys Redwood City’s Hotel Sofitel

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By Jon Peterson Newark, N.J., -based Prudential Real Estate Investors and Chicago-based Lodging Capital Partners have formed a joint venture to acquire the 421-room Hotel Sofitel San Francisco Bay in...

East Coast Hotelier Nabs Emeryville Property

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By Jon Peterson A Maryland real estate investor has acquired Emeryville’s 278-room Hilton Garden Inn at a steep discount to its top-of-market sales price in 2007 to New York City-based...

Foster City Shopping Center Nets Buyer Good Yield

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By Jon Peterson A San Diego-based investment trust has achieved a 7 percent yield on a grocery-anchored shopping center in Foster City that it acquired for $17.4 million, all cash,...

Sares Regis Gains $30MM For Apartment Fund

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By Jon Peterson Newport Beach-based Sares Regis Group has been awarded a $30 million commitment for the Sares Regis Western States Multifamily Fund, an endeavor led by Rob Wagner, co-founder...

Arden Sells Into Rising Market

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Jon Peterson Los Angeles-based Arden Realty Inc., the commercial property arm of the General Electric Co., has placed a nine-property, central Silicon Valley office and R&D portfolio on the market...

American Realty Buys North San Jose Retail, Residential Revolution

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By Jon Peterson Glendale, Calif., -based American Realty Advisors has paid $46.55 million for the @First shopping center at Highway 237 and 4180 N. First St., in San Jose’s rapidly...

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