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Quarterly Investment Report

Mar. 9, 2010

RECAP - FOURTH QUARTER 2009: Sacramento's Q4 Performance Suggests More Deals Coming

By GREG KANE CREJ Staff Writer Investors snatched up several high-profile office properties in downtown Sacramento in late December, ushering the sector to its strongest showing in more than two years.

By GREG KANE

CREJ Staff Writer

Investors snatched up several high-profile office properties in downtown Sacramento in late December, ushering the sector to its strongest showing in more than two years.

New York-based TIAA-CREF sold two downtown high-rise properties, including the 25-story former U.S. Bank Plaza at 980 9th St., to Los Angeles-based CIM Group for a little less than $100 million, or $230 per square foot, according to <...

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