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April 11, 2018  

Hana Team Buying San Jose Complex

Hana Alternative Asset Management and Ocean West Capital have agreed to pay about $135 million for a San Jose office complex fully leased to eBay.The 250,000-square-foot property, called North First Commons, is in Silicon Valley’s “Golden Triangle,” a hotbed for technology companies. At the estimated value of $540/sf, the partnership’s initial annual yield would be about 5.25%. Newmark is brokering the off-market deal for...

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