View From The Top: Real Estate Market Update - January 21, 2010

Allen Matkins
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IN THIS ISSUE:

Deals Update

*CIM Group buys 372,000 sf San Francisco Office Building

*Logistics provider renews 1 million sf leases in Chino

*Twitter to double space in San Francisco

*Fractured condo note in Chino trades for $13 million

*Taiwan investor buys $24 million building in San Francisco's financial district

*Behringer Harvard acquires 134-unit seniors complex in Laguna Woods

*San Bernardino Apartment Complex Sells for over $21 Million

*Rockwood Capital acquires Sallie Mae's Reston office for $68 million

Equity & Debt Update

*FDIC sells $1 billion in distressed bank loans to Colony Capital Acquisitions

*Sunstone Investors Forfeiting group of 11 hotels to lender

*Mall operator Simon Property Group tries to buy back $3.25 billion worth of its notes

*Digital Realty sells $100 million in notes to Prudential

*California hotel foreclosures quadrupled in 2009 due to travel drop

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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