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BRISBANE CA-The Woodland Hills, CA-based real estate investment firm is buying the class A office building in Brisbane from Hitachi, which occupies 40% of the building. Earlier this month, Younan acquired the 59,000-sf Mowry office building in Newark, CA, for $7 million.<P>
LAFAYETTE, CA-The Lafayette-based purveyor of tenancy-in-common transactions is expecting its exponential growth during the first half of 2003 to continue, with projected year-end results in excess of 250 completed transactions and real estate value approaching $500 million.
SAN FRANCISCO-In the largest lease the CBD has seen in a couple of years, the locally based international law firm Orrick Herrington and Sutcliffe leases the top four floors of a new 10-story Downtown building developed by Wilson Meany Sullivan for Equity Office Properties.
OAKLAND, CA-The City of Oakland plans to sell Preservation Park, a complex of restored houses that provides office space to nonprofit organizations, to raise money for the Forest City project.
SAN FRANCISCO-San Francisco Mayor Willie Brown has revealed plans for the Hunters Point Naval Shipyard redevelopment project, including 34 acres of parks and open space and 300,000-sf of commercial development.
SACRAMENTO-The California Department of Food and Agriculture is opting for an expensive relocation plan during its 18-month renovation, which will completely transform the department's 76-year-old building. The double move is estimated to cost an extra $900,000, which opponents say is unnecessary.
SAN FRANCISCO-Bridgeville, a small town north of San Francisco, goes down in history as the first entire town to be sold online. The $1.8-million purchase was made on EBay.
SAN FRANCISCO-The Presidio Trust is relying on investors to help rehabilitate the Presidio's Montgomery Street barracks, but the estimated renovation costs coupled with the current economy, has kept interest light.
OAKLAND, CA-OBRA, the company converting the former Oakland Army Base in Oakland for commercial use, subleases two warehouse spaces to Bay Area companies.
SAN FRANCISCO-The vacancy rate of small spaces in San Francisco has dropped 1.5% since February. Real estate expert Hans Hansson sees this as a potential window of opportunity for landlords to divide larger spaces in the future.