TheCal Twin Towers office complex is located at 4900 California Ave.in Bakersfield.
BAKERSFIELD, CA—Adler Realty Investments Inc. acquired the151,829-square-foot Cal Twin Towers office complex at 4900California Ave. in 2005 and completed a building renovation duringthe 15-year ownership period. Adler recently upgraded thebuilding's energy systems, which included a solar installation withcovered carports.
The investment provided Adler's investors with cash flow andsubstantial appreciation for the duration of the hold period. Adlerrecently sold Cal Twin Towers to local investor Steve Blumer for$26 million.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
