'Rough diamond' sold.Sterling American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Property Inc. has announced the sale of the Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. Building, a Class A office property it owned at 4625 Lindell Blvd., to Central West End Partners, a private real estate investment group. The sale price was $8,400,000. Sterling American Property Fund III had acquired the property from builder/owner Bank of America in December 1999, at a time when the bank was aggressively reducing its regional real estate holdings. During the past five years, Sterling American completely upgraded the 71,500 s/f, five-story building and re-positioned it. Robert Bergman, senior vice president of asset management, said, "When we originally acquired the building we knew we had discovered a diamond in the rough. We were able to replace the pre-existing tenant mix with new, AAA AAA: see American Automobile Association. (Triple A) A common single-cell battery used in a myriad of electronic devices of all variety. Like its double A (AA) cousin, it provides 1.5 volts of DC power. When used in series, the voltage is multiplied. credit tenants who were willing to pay rental rates that were--and remain --the highest in the submarket sub·mar·ket n. A geographic, economic, or specialized subdivision of a market. adj. Being below what is usual in a particular market: submarket wages; submarket interest rates. ." |
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