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Real Estate/Development

Jun. 2, 2000

FEATURED SALE

Reports of an agreement by Charles Schwab Corp. to pay a record rate of $420 to $450 a square foot for an eight-story building at 215 Fremont St. in San Francisco are true, affirms Dan Cressman, managing director of the local Grubb & Ellis office.

Reports of an agreement by Charles Schwab Corp. to pay a record rate of $420 to $450 a square foot for an eight-story building at 215 Fremont St. in San Francisco are true, affirms Dan Cressman, managing director of the local Grubb & Ellis office.
"I've heard it from numerous sources," says the broker, whose office handled the previous local record sale of just over $400 a square foot for two buildings along the city's north waterfront. "It's not surprising. Relative to wha...

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