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September 11, 2005

Landlord to tech stars sells huge office park 


Landlord to tech stars sells huge office park 
Miami Herald - Aug 30 2:02 PM
One of Silicon Valley's pre-eminent developers has sold an office portfolio totaling almost a million square feet in the biggest commercial sale in the area so far this year and is in talks to sell a second that's more than five times larger.

Gas costs cramping consumer spending 
San Jose Mercury News - Aug 27 3:29 AM
Complaining about gas prices is the new Silicon Valley pastime. But despite the hit to the wallet, consumers are only just starting to cut back on spending.

CNL Hotels & Resorts Completes the Sale of Five Hotels 
[Press Release] PR Newswire via Yahoo! Finance - Sep 06 2:14 PM
CNL Hotels & Resorts, Inc., the nation's second largest hotel real estate investment trust, announced today it has completed its previously announced sale of five non-strategic hotel properties to Pyramid Hotel Opportunity Venture LLC for $109 million, or $113,424 per key and a gain of $2.1 million, net of a loss on extinguishment of debt of $2.5 million.
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Posted by blogposter at September 11, 2005 10:11 PM