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August 17, 2014
 New Lee & Associates CEO Jeff Rinkov Putting Firm's New Strategic Plan Into Play
Jeffrey M. Rinkov has been with Lee & Associates since 1995 and served in executive roles for nearly a decade, a period in which it has expanded from largely a Southern California-focused brokerage to a full-service real estate provider with an increasingly national reach. As Lee & Associates announces its 50th office today, entering the Ohio market in Cleveland, one of the Buckeye State's largest metro areas, Rinkov has assumed the Los Angeles...
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August 15, 2014
 CoStar's People of Note (Aug. 10 - 16)
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: Dallas / Ft. Worth, Chicago, New York City, Minneapolis, San Antonio, and San Francisco. DALLAS / FT. WORTH Mohr Partners Appoints President, Promotes Three By Bryce Meyers Global corporate real estate advisor M
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August 14, 2014
 Latham Square Sells for $11.5 Million
A joint venture of Ridge Capital Investors and Contrarian Capital Management purchased Latham Square at 1601-1611 Telegraph Ave. in downtown Oakland, CA for $11.5 million, or about $101 per square foot. The 113,726-square-foot, 16-story Latham Square Building has been a downtown Oakland fixture since 1927. The buyers are planning a full renovation in an effort to increase creative space. The property sold on Auction.com. Grant Jones, Jake Norton...
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August 15, 2014
 International Paper to Stay in San Leandro
Memphis, TN-based International Paper will continue to fully occupy 1950 Marina Blvd in San Leandro, CA after agreeing to renew its lease. The 106,000-square-foot manufacturing facility was constructed in 1950 on a little more than five acres in the San Leandro West of 880 submarket of Oakland. International Paper has occupied the building in San Leandro for more than 20 years. Jay Hagglund of Cassidy Turley negotiated on behalf of the landlord...
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August 13, 2014
 Key CoStar Composite CRE Price Index Flirting With Prerecession High
CoStar?s value-weighted U.S. Composite Index, driven by the impact of larger, core property sales, increased 2.3% in the second quarter of 2014 and was up 9.7% for the 12-month period through June 2014. Although it dipped slightly in June, the index is approaching its prerecession highs in 2007. The value-weighted index, along with the equal-weighted U.S. Composite Index, which weights each sale equally and therefore is more influenced by the more...
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August 10, 2014
 Fremont Marriott Changes Hands for $50 Million
Ashford Hospitality Trust, a publicly traded REIT headquartered in Dallas, purchased the Fremont Marriot Hotel at 46100 Landing Pky. in Fremont, CA for $50 million, or about $140,000 per room. The 230,551-square-foot, recently-renovated hotel was completed in 1999 in the Fremont West of 880 submarket. The 10-story building features 357 rooms and 15,000 square feet of meeting space Daniel MacDonnell, James Escarzega and Stephen Michels of Cushman...
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