Ariela Moraru
Faris Lee Arranges $13M LA-Area Starbucks, CVS Sale
The sale price represented a cap rate of around 4.7 percent, which is the lowest for two freestanding pads sold in Southern California in 2017.
Passco Creates Corporate Marketing VP Role
With more than a decade of commercial real estate experience, Stacy Stemen will oversee all aspects of marketing, public relations, special events, conferences and business development for the firm.
Terreno Nabs $25M South Bay Industrial Asset
The 114,000-square-foot building in Gardena, Calif., is managed by CBRE and is fully leased to one tenant, GOH Express.
Cambria Hotels Expands to Napa, CA
Choice Hotels International Inc. has partnered with Stratus Development Partners LLC to develop their second project in the region, a 90-key hotel.
Cress Expands Western Portfolio With $110M Buy
The company has acquired more than 800,000 square feet of office and flex industrial space in Southern California and Colorado in two transactions.
Hanley Arranges Sale of Single-Tenant Walgreens in San Diego County
The 14,380-square-foot property in in Oceanside, Calif., traded for $7.4 million, marking only the second Walgreens in the county to change hands in the last 12 months.
BLT Enterprises Expands San Diego Industrial Footprint
The recent acquisition of a 60,000-square-foot industrial building in Carlsbad, Calif., brings the company’s holdings in San Diego to more than 600,000 square feet.
Velocity Appoints CFO
Mark Szczepaniak brings 30 years of industry experience to the position, having held various senior financial services roles with both public and privately held finance companies.
Boston Mountain Clinic Opens in AR
This is the second medical facility in Holiday Island, Ark., and is part of a complex developed by Holiday Island Holdings Inc. that includes 128,000 square feet of retail, professional, medical, office and storage space.
Skanska Breaks Ground on $343M NJ Hospital
The 204-bed facility designed by Array Architects is slated for completion by December 2019. This will be the company’s largest Integrated Project Delivery development to date in North America.