Other News in Brief: Santa Monica Office and Retail Project Goes for $18.7M; Jamison Properties...

Santa Monica Office and Retail Project Goes for $18.7M

A new Santa Monica, Calif., retail-and-residential development has been sold by The Tides Building L.L.C. for $18.7 million, broker Madison Partners said today. Ten West Wilshire L.L.C. bought the three-story, 36,535-square-foot property, known as the Tides Building (pictured), in a 1031 Exchange transaction.

Jamison Properties Buys 2 Long Beach Office Buildings

Jamison Properties Inc. has purchased two buildings in Long Beach, Calif. for $34.2 million, broker CB Richard Ellis Inc. said today. The 230,793-sqaure-foot office portfolio--including 555 E. Ocean Ave. and the Towne Center Office Park--was sold by a private partnership.

David Cohen Joins GE Real Estate as Debt Group's Northeast Director

GE Real Estate has named David Cohen as its regional director for the to its North America Debt Group. Cohen will oversee the company's operations in the Northeast.

Boston Office-and-Retail Property Sold for $32.6M by LPC Realty-Advised Investor

An Anglo Irish Bank-financed investor has purchased a 112,739-aquare-foot office-and-retail property in Boston. Also known as 10-24 School St., the Borders | Boston property was owned by an LPC Realty Advisors-affiliated institutional investor, with the $32.6 million sale brokered by Cushman & Wakefield of Massachusetts Inc.

Eckerd Campus Sold for $24M to Florida Partnership

Eckerd Corp. has sold its former corporate campus outside Tampa, Fla., to a Florida Limited Partnership for $24 million, broker Colliers Arnold Commercial Real Estate Services Inc. said today. The two properties on the campus total 538,000 square feet.

Penn-Florida and Cypress Creek Capital Buy $26.5M Boca Raton Office

A venture between Cypress Creek Capital Inc. and Penn-Florida Cos. bought Boca 1515, an office property in Boca Raton, Fla., for $26.5 million. The 55 percent-leased building was sold by MEPT L.L.C., and Penn-Florida will act as property manager and leasing servicer.