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Columbia Property Trust Deal on 650 California Earns 3.6 Cap Rate

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By Jon Peterson Atlanta-based Columbia Property Trust’s acquisition of 650 California Street in San Francisco produced a 3.6 percent cap rate. The publicly traded office REIT based this return on having a first-year in-place net operating income of approximately $11 million. “We are expecting that the current rental rate situation in the property should enable […]

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