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SAN FRANCISCO-Apartment REIT BRE Properties Inc. has paid $41.4 million for two development sites that have the potential for up to 360 apartment units and 17,000 square feet of retail in the Mission Bay district. The company says that the sites, adjacent to the San Francisco Giants ballpark, are among the last remaining market-rate apartment parcels in the Mission Bay master plan, which will include 6,000 residential units; 280,000 square feet of neighborhood-serving retail; 4.4 million square feet of commercial, medical and biotech lab space; and more than 41 acres of parks and open space.

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