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Volume 3 - Number 14 | July 19, 2006
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TOP STORY: Future Looks Bright for Industrial Mixed-Use
By John McCloud
Construction is underway on the first building in Mesa del Sol, a 9,000-acre mixed-use development in Albuquerque. The development, which will feature both commercial and residential components, represents a growing trend: projects that blend industrial property with offices, shopping and housing in compact zones.
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Orange County Prices Jump 17% in 12 Months
By John McCloud
Prices for industrial properties in California's Orange County market rose 17% in the past 12 months, according to Jerry Holdner, vice president of market research for Anaheim, CA-based Voit Commercial Brokerage. The biggest difference between this year and last, says Holdner, is not pricing but inventory. "Everything's been gobbled up," he adds.
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Insider: Westcore Properties’ Marc Brutten
By John McCloud
To capitalize on the European real estate investment market, San Diego-based Westcore Properties LLC recently opened an office in Lausanne, Switzerland. IPJ spoke about the new enterprise with chairman Marc Brutten, who moved to Switzerland to open the European office.
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Westcore Reducing Industrial Holdings
By John McCloud
At the same time Westcore Properties LLC is making its entry in Europe, it is making dramatic moves at home. In response to sudden changes at a major Mideast backer, the San Diego-based real estate investment firm is prematurely disposing of a 1.6 million-sf Northern California high-tech portfolio it acquired in the past two years. Also, a joint venture it recently formed with a new capital partner will focus less on industrial product and more on office and retail.
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