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September 23, 2016
 CoStar's People of Note (Sept. 23) FelCor Trust, Hunt Mortgage Name New Presidents
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, New York City, Chicago, East Bay, San Francisco, Columbus, Inland Empire, South Florida, Cincinnati, Denver, Baltimore, Boston, Washington DC, Vancouver / Calgary, Philadelphia, and Detroit / Grand Rapids. DALLAS / FORT WORTH FelCor's Pentecost...
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September 21, 2016
 Pleasanton Multifamily Building Commands $327,000 Per Unit
A private investor has purchased the apartment building at 4324 Railroad Ave. in downtown Pleasanton, CA for $3,270,000 or about $327,000 per unit. The 10-unit, two-building complex was completed in 1986 and is located near the corner of First and Spring Streets. All units are two-bed/one-bathroom apartments with average monthly rents at $1,850. David Weglarz of Transwestern represented the seller, while Robert Johnston of Marcus & Millichap...
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September 19, 2016
 Commercial Waste & Recycling Buys Three-Property Flex Park in Oakland
Commercial Waste & Recycling has purchased three properties, including one it occupies, in Oakland from McCosker Corp. for $8.75 million or about $175 per square foot. The three building complex was built in three phases between 1965 and 1970 on slightly more than six acres at 5900 Coliseum Way, and 725-740 Julie Ann Way. The buyer is a recycling business and will occupy 100% of the property. Craig Hagglund of Lee & Associates and Christopher...
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September 19, 2016
 Lee & Associates Promotes Davidson to Principal
Lee & Associates has elevated Ryan Davidson to principal in the firm's Oakland office. Davidson has spent a decade with Lee & Associates providing commercial real estate brokerage and advisory services to clients in the I-880, I-80 and I-580 corridors. During that time he has represented a variety of corporations, entrepreneurs, owner users, family offices, lenders, investors, and developers. Davidson is a graduate of the University of California...
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September 13, 2016
 Hersha Hospitality Continues Capital Recycling with Deal to Sell 5-Hotel Portfolio
Philadelphia-based Hersha Hospitality Trust (NYSE: HT) has reached an agreement to sell a five-hotel suburban portfolio totaling 757 rooms for $185 million or $244,000 per room. Hersha expects to book approximately $105.3 million in net proceeds from the sale. The package, which is under contract to an undisclosed buyer, includes a pair of hotels in the Washington DC region, the 203-room Courtyard Alexandria Pentagon South in Alexandnria, VA,...
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September 14, 2016
 Office Demand Holding Steady in Tech Markets
Remember when reports that Twitter was subleasing a block of its office space in San Francisco caused a mini-panic among investors worried that the technology sector's seven-year growth run may be coming to an end? It turns out reports of the tech sector's impending demise may have been greatly exaggerated, according to a new report by Jones Lang LaSalle and comments at a recent investor conference by CEOs of some of the largest US office landlords...
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