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SEATTLE-With dozens of new hotels opened in the past few years, several urban markets are reporting a decline in occupancy rates, according to a second-quarter report by Kidder Mathews.
While increased office leasing activity is scattered throughout the greater Sacramento area, the Highway 50 Corridor submarket is pushing forward, leading the area in activity with a reported 107,044 square feet leased in the quarter, according to a second quarter office report from Kidder Mathews.
Multifamily investment brokers, Jim Neil, Eric Comer and Merrick Matricardi represented the buyer in the transaction involving a 26-unit apartment building in Clairemont, Calif.
"Splunk is a fast-growing company and although they are based in San Francisco, they decided to take a chance in a major way on San Jose opening an office there," Chad Leiker, first vice president with Kidder Mathews, told the Mercury News.
A 26-unit apartment building at 4290 Mount Abernathy in Clairemont has sold for $6.9 million to Winslow Family LP, a local real estate investor.
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Kids Empire, a children's indoor playground, has signed a 10-year lease of 10,685 square feet at 5060 East Montclair Plaza Lane in Montclair, California. Kidder Mathews commercial real estate broker, Stephan Ktorza, represented Kids Empire.
Mason Street Commons, a leased, single-tenant investment warehouse located at 4201 NE 161st Avenue in Portland, Oregon, has sold for $4,000,000 to Jerry and Deborah Ivy, a private investor.
Kidder Mathews' multifamily investment brokers, Jim Neil, Eric Comer and Merrick Matricardi represented the buyer while the seller represented themselves in the transaction.
Maricopa Marketplace, a 38,877 square foot shopping center in Maricopa, Arizona, has sold for $10,053,750 to CC Fund II Maricopa, LLC., directed by Jeff Levine.
Dave Geissberger has joined Kidder Mathews' San Jose office as a senior vice president, where he will focus on the sale and leasing of commercial properties.
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