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SACRAMENTO, CA-Oaktree Capital Management of Los Angeles sells 801 K. St. to Triple Net Properties LLC of Santa Ana, CA for $65.5 million. The 16-year-old Downtown office building is 60% occupied by the state Department of Conservation and has about 12% vacancy.
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Leasing revenue jumped 13% year-over-year, and capital markets services were up 15%.
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There was also increased interest from lenders.