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    The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.

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    The company purchased the 171,828-square-foot Nimbus Oaks flex/business park, located in Beaverton, Ore., a growing submarket of Portland.

    15 September 2017 13:47
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    The master-planned development known as AllianceTexas will be the home of a massive hyperscale data center, T5@Alliance. At full build-out, over 400 MW of dedicated critical power will be available.

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  • Friedman Wins Management of 2 Office Buildings

    The two facilities add a total of 105,672 square feet to Friedman’s property management portfolio and are located in Auburn Hills, Mich.

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    Cushman & Wakefield worked on behalf of the seller in the disposition of the campus. The deal included a $7 million acquisition loan.

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    The launch of the Commercial Real Estate Women Network in Europe this month is expected to be the first of several initiatives around the world.

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    Prodigy Design & Renovation purchased an office/warehouse property in Pantego, Texas, in a direct deal. Wayne Burgdorf of Colwell Banker Commercial Advisors represented the seller, 2309 Properties LLC.

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  • CBRE Secures Financing for Silicon Valley Asset

    CBRE, on behalf of Vista Investment Group, negotiated a $25.5 million non-recourse loan for Valley Creative Center in San Jose, Calif. The 167,000-square-foot office/R&D campus is located in the heart of Silicon Valley's Golden Triangle.

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    The hospitality chain aims to address an underserved group of 14 million potential guests who are hungry for a high-quality yet competitively priced experience. Development costs are estimated at $85 to $90 per key.

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