Tuesday, December 18, 2012

Apartment Operator Refinances Southern California Properties


Apartment Operator Refinances Southern California Properties

SAN DIEGO-Universe Holdings Development Co. has secured more than $56 million in refinancing for nine multifamily properties in Southern California.

Woodland Rite Aid and Sacramento Walgreens Change Hands

SACRAMENTO-A Northern California family trust has paid over $16 million to acquire a Rite Aid store in Woodland and a Walgreens store in Sacramento in 1031 exchange transactions.

Ellis Partners Acquires Roseville Office Properties

ROSEVILLE, CA-Hines U.S. Core Office Fund has sold a nine-office building portfolio located along Douglas Boulevard in Roseville to Ellis Partners for an undisclosed price.

Kilroy Closes Sale of Industrial and Office Properties

LOS ANGELES-Kilroy Realty Corp., a real estate investment trust based in Los Angeles, has sold its two small office projects and entire industrial portfolio for a total price of $355 million.


San Jose Retail Trophy Asset Goes to NY Buyer

SAN JOSE-The property, located at 635 W. Capitol Expressway, is said to have set a new national sales record for the big-box retailer-occupied property with an aggressively low closing cap rate of 4.68%.

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