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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.
TUALATIN, OR-The Atlanta-based chain of sports performance training facilities signs a five-year lease for a recently renovated building here en route to opening its first Oregon location.
KING OF PRUSSIA, PA-Locally based Universal Health Services is selling two California hospitals it acquired earlier this year to Catholic Healthcare West. The hospitals generate a combined $80 million in revenue.
CLEVELAND-The properties total 18.8 million sf, of which 80% is in New York and New Jersey. The seller is Florida-based Benderson Development Company Inc. The sale is expected to close sometime during the second quarter.
FIFE, WA-The Portland-based company pays about $28.2 million for Fife Business Park, an 11-building development with more than 100 tenants. The park was developed in 1985 and is currently about 88% leased.
SAN JOSE-The new owner is Federal Realty Investment Trust. It is the first West Coast purchase for the Rockville, MD-based REIT since 1999, and a company executive tells GlobeSt.com it is actively seeking more assets in both the Bay Area and Southern California.
MONTREAL-An affiliate of CNL Hospitality Properties obtains a floating-rate refinancing from GMAC Commercial Mortgage of Canada Ltd. for the 20-story, 605-room property near the Montreal convention center.
SEATTLE-The Puget Sound industrial vacancy rate drops from 8.27% to 8.18% in the first quarter, due largely to nearly one million sf of absorption in the 95.5-million-sf Kent Valley submarket.
LIVERMORE, CA-The Minneapolis-based big box retailer recently signed a $9-million lease for Livermore Distribution Center, a property owned jointly by Atlanta-based IDI and JPMorgan.
PROVIDENCE, RI-The publicly-held real estate development and management firm based in Columbia, MD, closes on its acquisition of the four-level, 1.3-million-sf super-regional mall from privately held Commonwealth Development Group.