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Report: CIM Group nears $1B sale of 5 Oakland, Calif., office properties

Dec 28, 2018 - SNL Real Estate Daily

Office landlord CIM Group LP is close to selling five office towers in Oakland, Calif., that could yield almost $1 billion, the San Francisco Business Times reported, citing sources with knowledge of the matter.

Private equity firm Starwood Capital Group is buying four of the buildings that span 1.2 million square feet, while healthcare provider Kaiser Permanente Inc. will purchase the 538,000-square-foot 1 Kaiser Plaza asset that is named the Ordway Building. The healthcare provider is th...