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December 18, 2014
 CoStar's People of Note (Dec. 14 - 20)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Cleveland, Washington DC, Chicago, Charlotte, Dallas, Oklahoma City, Nashville, Detroit, Atlanta, and South Florida. NEW YORK CITY REBNY Banks on New President By Justin Sumner The Real Estate Board of New Yor
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December 15, 2014
 SHAKE UP: Santora Named To Replace Underhill as CEO of Cushman & Wakefield
Jim Underhill's four-year tenure as CEO of Cushman & Wakefield's North American operations ended abruptly this week as the firm confirmed today that he had left the company and that longtime C&W insider John C. Santora had replaced him as head of the firm's largest global operating region. A 37-year veteran of the firm, Santora most recently served as president and CEO of Cushman & Wakefield?s Corporate Occupier & Investor Services group, which...
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December 15, 2014
 Westcore Properties Sells Union City Portfolio for $23.8 Million
Westcore Properties sold a three-building portfolio in Union City, CA to Terreno Realty Corp. (NYSE: TRNO) for $23.8 million, equating to an estimated stabilized cap rate of 5.7%. The portfolio includes a 133,000-square-foot industrial distribution building and two flex buildings totaling 37,000 square feet at 33306-33580 Alvarado-Niles Rd. in San Francisco's East Bay. Positioned adjacent to I-880, the buildings are 98% leased to 25 tenants...
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December 11, 2014
 Dollinger Properties Sells Flex Bldg. in Fremont
A private investor purchased the flex building located at 45635 Northport Loop E in Fremont, CA from Dollinger Properties for $5.05 million, or about $127 per square foot. The 39,708-square-foot building was constructed in 1984 and is located within the Northport Business Park. It had one tenant occupying 28,843 square feet at the time of sale. Thomas Taylor, David Fukuda and Ben Rojas of CBRE, along with Cary Wilder of Dollinger Properties...
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December 10, 2014
 In Another Huge Deal, Blackstone Trades Northern CA Office Portfolio to Hudson Pacific for $3.5B
Blackstone Group, which announced just last week it will sell its IndCor Properties Inc. warehouse subsidiary for $8.1 billion, has struck a separate deal to sell its office holdings in the San Francisco Peninsula and Silicon Valley, a major part of the office portfolio Blackstone kept after acquiring Equity Office Properties in the largest deal of the last real estate cycle. Los Angeles-based Hudson Pacific Properties (NYSE: HPP) will buy the...
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December 10, 2014
 Swig Buys The Wakefield Bldg. in Oakland
San Francisco-based The Swig Co. finalized its purchase of the 57,000-square-foot, seven-story office building at 426 17th St. in Oakland, CA. Developed in 1927 by Dr. W.H. Wakefield, The Wakefield Building originally operated as a medical office building but has since been converted to creative office space with such features as open ceilings, exposed brick and operable windows. SfunCube, the incubator spin-off of global solar electricity company...
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