Doerken Properties buys Sacramento properties

Doerken Properties Inc., a Santa Monica real estate investment firm, has purchased a portfolio of three Sacramento-area properties for $64.4 million.

Doerken purchased the portfolio from Kimco Realty Corp. The three properties Doerken bought are:

• Commonwealth Square, 703 East Bidwell St. in Folsom -- anchored by Raley's, the shopping center is 97.5 percent occupied
• Kmart Center, 5200 Stockton Blvd. in Sacramento -- anchored by Kmart and Big Lots, the center is 100 percent occupied
• Glenbrook Shopping Center, 8700 La Riviera Drive in Sacramento -- anchored by Big Lots, the center is 100 percent occupied.

The deal was financed by George Smith Partners.

FW: Mitigation Land

Developer looking for raw land in San Joaquin Co for mitigation..

Sent: Thursday, July 05, 2007 11:17 AM
To: sbroderick98
Subject: RE: Mitigation Land

Hi Sean

I just sat down with the developer and he has finished purchasing property
in Sacramento County. Yolo County was not an option.

He is concentating on picking up property in San Joaquin County.

• Approximately 12,000 acres
  
• Requirements: Minimum 300 acre parcels
• Delta type soil
• Row Crop Ok, just no permanent crops
• No grazing land
• Old orchard or Vineyards may be ok depending on the
  soil samples and
• aerial photos.