SALES

OAKLAND, CA-CallSocket LP has paid $8 million for one of the best known landmarks in the Bay Area: the 85,000-square-foot Oakland Tribune building. The building, which had been in receivership, is to be converted to a call center employing up to 2,300 people within three years. Lori Bluett of Bluett & Associates represented the seller, special servicer Torchlight Investors. The buyer was represented by David Noravian, Hyoung Chon and Robert Newstead of CB Richard Ellis.

REDLANDS, CA-Industrial Income Trust paid an undisclosed amount for the 437,084-square-foot Inland Empire Industrial Center. Jeff Chiate, Jeffrey Cole, Michael Ma, David Hasbrouck, Ed Hernandez and Phil Lombardo of Cushman & Wakefield represented the seller, Canyon Capital Realty Advisors LLC of Los Angeles. The buyer represented itself.