Ariela Moraru
Westcore Expands NorCal Industrial Portfolio
The company has acquired a 277,500-square-foot industrial building in Stockton, Calif. for $14.4 million. This is Westcore’s second acquisition in the city in the past year.
Sorenson Media Inks 61 KSF HQ Lease
Newmark Grubb ACRES has arranged a lease for the media company in Lehi, Utah. The building is part of a 1 million-square-foot project developed by Stack Real Estate.
First Industrial Sells Two SLC Industrial Buildings
Newmark Grubb ACRES has arranged the sale of the two properties in Decker Lake Industrial Park in West Valley City, Utah, totaling 98,000 square feet. The company represented both the seller and the buyer.
Access Industries Nabs Stake in Historic Sunset Boulevard Hotel
JK Hotel Group and Access Industries plan to refurbish the luxury 81-key property’s guest suites and its indoor-outdoor bar and dining area.
Global Medical REIT to Buy 2 Hospitals in Sherman, TX
The company will pay $26 million to acquire two medical facilities totaling 81,352 combined square feet, with plans to lease them to current owner SDB Partners.
CBRE Secures 119 KSF Oakland Industrial Lease
The tenant, a large electrical distributor, will benefit from the building’s 425 feet of frontage along Interstate 880.
Largest C-PACE Deal to Fund CA Medical Center Retrofits
Verity Health System will use the 30-year loan to make mandatory seismic upgrades to Seton Medical Center in Daly City, Calif.
SF Shipyard Mixed-Use Development Sets Sail
The San Francisco Shipyard will anchor a wider plan along San Francisco’s southeastern shoreline, which also incorporates Candlestick Park. This will be the Bay Area’s largest commercial development under single ownership.
Revamped Glendora Shopping Center Opens Doors
JLL has secured three leases for owner Champion Glendora, bringing total occupancy to 85 percent, prior to completion of the redevelopment in July.
Downtown Palm Springs Springs Up in the Fall
Grit Development’s revitalization project brings new hotels, retailers and restaurants to the city’s downtown. The grand opening is scheduled for mid-November.