East Bay Business Journal, April 8, 2005
RREEF buys CarrAmerica, Mount Diablo Plaza next
Katherine Conrad
Investment giant RREEF plans to close escrow this month on Mount Diablo Plaza in Walnut Creek - just after buying Pleasanton’s CarrAmerica Corporate Center in a deal valued at $197.3 million.
RREEF, Deutsche Bank Group’s real estate arm headquartered in Chicago, […]
Did you know the following about Walnut Creek:
General
Located 24 miles east of San Francisco
Approximately 19.45 sq. miles (incorporated)
131 feet above sea level
<14″ annual average rain fall
Population: City=66,000, County=981,600
Average single family home: $771,465
Median Family Income: $83,794
Information from Walntu Creek Chamber of Commerce Business Directory, COPYRIGHT 2005
Office Space
Walnut Creek total office space: 9,349,632 square feet
Walnut Creek downtown […]
In brief, the Walnut Creek downtown Class A office market has experienced strong leasing activity in the past 2 quarters. The market vacancy is decreasing and we expect it to continue to decline. The Walnut Creek downtown Class A vacancy rate in Q2 2004 was 13.8% and it had dropped to 12.4% as […]
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