Terreno Realty Corporation (NYSE:TRNO) acquired an industrial property located in San Jose, California on March 30, 2010, for a purchase price of approximately $5.6 million. The Company utilized cash on hand to fund the acquisition.

The property consists of one multi–tenant industrial building containing approximately 72,000 square feet. The property is currently 100.0% leased to two tenants. The estimated stabilized cap rate of the property is 9.3%.

Estimated stabilized cap rates are calculated as annualized cash basis net operating income stabilized to market occupancy (generally 95%) divided by total acquisition cost. Total acquisition cost includes the initial purchase price, the effects of marking assumed debt to market, buyer’s due diligence and closing costs, estimated near-term capital expenditures and leasing costs necessary to achieve stabilization.

Terreno Realty Corporation is an acquirer, owner and operator of industrial real estate located in six major coastal U.S. markets: Los Angeles Area; Northern New Jersey/New York City; San Francisco Bay Area; Seattle Area; Miami Area; and Washington, D.C./Baltimore.

Properties at 20 Brimmer Street and 25 Lime Street Sold Through Great Rock Auctions

Great Rock Auctions, specialists in premium real estate auctions, announced today the success of the first ever auction of two Beacon Hill homes. The newly constructed properties, located at 20 Brimmer Street and 25 Lime Street, Boston, have successfully sold.

The property at 25 Lime Street was sold pre-auction, and the 20 Brimmer Street property was sold in a deal with significant collateral components and other consideration.

“We are pleased to have successfully sold both Beacon Hill properties,” said Jeremy Freid, Principal of Great Rock Auctions. “Great Rock Auctions was retained by both clients to sell their properties in an accelerated and definitive timeline and we have effectively accomplished that goal.”

Following Devastating Fire Contractors from Variety of Disciplines Come Together to Transform Ruins into Sustainable Home that Seeks One of the Highest LEED Point Total for Residential Construction in the Country and Could Set Building Standards for the Future.

What may be the nation’s first net zero energy, embodied carbon neutral home, has emerged from the ashes of a tragic fire that destroyed it last year. The 4,500 square foot, four bedroom, six bathroom house, at 37 Parkside Avenue in Southampton has been renovated utilizing both cutting edge “green” building technologies as well as proven energy-efficient techniques.

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L-1 Identity Solutions, a leading provider of identity solutions and services, today announced a new access control solution based on finger vein recognition technology, the 4G FingerVein Station. This is the first L-1 solution to incorporate vein recognition and the Company’s line of access control devices now support vein, finger and face recognition. Very dry, dirty or worn fingers pose a challenge for standard fingerprint readers and the 4G FingerVein Station offers an alternative for these conditions found commonly in industrial and manufacturing environments. The use of near-infrared light to gather biometric data means that the condition of the skin surface does not affect accurate processing. Vein patterns are extremely difficult to forge and impossible to manipulate because veins are inside the body and invisible to the eye, making this a uniquely secure biometric modality.

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The Ellington this weekend unveils its upscale Club Residences on floors 12-15 of the stylish residential building in the heart of Jack London Square. “Look East for your Center” is the new creed for buyers interested in the finest in East Bay living. The Ellington Club Residences are now that unique address.

Owners living on Club floors 12-15 will enjoy private keycard access directly to their floor, walking out of an elevator to an elegantly styled private sitting room well-appointed with new club chairs, flooring, and wall treatments. The hallways feature cutting edge art curated by a local gallery, customized wood and marble entryways, and the upscale feel of an exclusive hotel property.

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Chesapeake Lodging Trust (NYSE: CHSP), a lodging real estate investment trust (REIT), and Hyatt Hotels Corporation (NYSE: H) announced that Chesapeake Lodging Trust has acquired the 498-room Hyatt Regency Boston for a purchase price of $112 million, or approximately $225,000 per key, and will invest additional capital in renovations in the hotel, which is located in Boston, Mass. The companies have entered into a long-term management agreement and Hyatt will continue to operate the hotel under the Hyatt Regency flag.

James L. Francis, Chesapeake’s President and Chief Executive Officer, stated, “We are very excited that our first acquisition is located in the central business district of a strong gateway market like Boston. Hyatt Regency Boston is a well-maintained, high-quality asset that will continue to benefit from Hyatt’s brand strength and management expertise. We look forward to working with Hyatt as we continue to grow our portfolio.”

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