Razvan Cimpean
New Tenant Announced for Upcoming OC Office Tower
Irvine Co. Office Properties is expected to open 400 Spectrum Center early next year. With the recently announced SendGrid, the property is currently 36 percent pre-leased.
Amato Properties Acquires Pennsylvania Shopping Center
A private investor based in southeastern Pennsylvania sold Scott Town Plaza, a 73,634-square-foot neighborhood shopping center in Bloomsburg, Pa., for $5.5 million. At the time of sale, the property was fully leased.
Cohesity Relocating to San Jose
The company leased nearly 40,000 square feet of office space at River Park Tower II in San Jose, Calif. Expected to move in the last quarter of the year, Cohesity will occupy the seventh and eighth floors of the building.
JV Acquires Los Angeles Creative Office Building
Newcastle Partners and Westport Capital Partners formed a joint venture to acquire a 40,000-square-foot asset in Los Angeles’ Jefferson Corridor submarket.
Westdale to Redevelop Historic Downtown Dallas Asset
Metropolitan Capital Advisors arranged the debt financing for the redevelopment of Mid Elm Lofts in Dallas on behalf of Westdale Real Estate Investment and Management. The project will completely restore the exterior of the buildings and rehabilitate and adapt the interior to preserve its integrity.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Dallas Shopping Center Changes Hands
Kite Realty Group sold a 208,000-square-foot retail center in Dallas to Rainier Realty Investment. At the time of sale, Wheatland Towne Crossing was 92 percent occupied.
Shanska Sells Oslo Office Building Shares
Entra purchased Skanska’s 50 percent shares in a 103,000-square-foot office building in Oslo, Norway. The property changed hands for roughly $95 million.
Laramar Opens Los Angeles HQ
The company will use the 3,100-square-foot asset for its Local platform, which deals with smaller properties. The new branch will focus on Koreatown, West Hollywood, and Echo Park residential assets.
Downtown Phoenix Office Building Lands $51M Financing
HFF secured the three-year, floating-rate loan for U.S. Bank Center, a 360,000-square-foot high-rise building. Completed in 1976 and renovated in 2013, the property is 63 percent occupied.