Business Park Serving Los Angeles and the Inland Empire is Acquired by Koll/PER Partnership for $39.9 Million

Thursday, August 7th 2008

A 313,367-square-foot, multi-tenant business park that straddles the county line between Los Angeles and San Bernardino counties in Upland, Calif., has been acquired for $39.9 million by Koll/PER, a limited liability company owned by The Koll Company, the Newport Beach, Calif.-based real estate acquisition, development and management firm, and the Public Employee Retirement System of Idaho (PERSI). Consisting of 17 single-story industrial, office... 

Capstone Quarters Student Condo Auction Results in $3.21 Million Sellout

Saturday, August 2nd 2008

Thursday’s auction of 29 units in the Capstone Quarters development was a complete sellout, with bidders snapping up all of the units for a combined $3.21 million. “We had a great product and a strong field of bidders. That led to an excellent outcome,” said Warren Ward, president of Albert Burney Auction Company, which managed the sale. Thursday’s sale was the second auction for the development. An auction in April had resulted in the sale...