Razvan Cimpean
Olive Hill to Redevelop Silicon Beach Office Campus
The redevelopment program will focus on creating new amenities, such as a new gym, a food truck loading zone and a bocce ball court. Olive Hill Group will also rebrand the two-building asset.
Bay Area Office Asset Changes Hands
Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.
Monmouth Acquires East Dallas Industrial Facility
Monmouth Real Estate Investment Corp. purchased a 352,000-square-foot industrial building in Mesquite, Texas. The property changed hands for $50.6 million.
Tustin Corporate Center Changes Hands
Harbor Associates acquired the 43,517-square-foot office building from The Bascom Group. The new owner plans to reposition Tustin Corporate through a rebranding and renovation program.
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
NETSCOUT to Relocate to North Dallas Next Year
NETSCOUT will occupy a 145,000-square-foot office building in Allen, Texas, expected to open in summer 2018. The company will relocate more than 500 employees in the process.
GM to Open New Arlington Supplier Park Next Year
General Motors selected Bob Moore Construction as the general constructor for the new Arlington Automotive Logistics Center. The two-building facility is scheduled for completion next year.
Westmount Welcomes New Director
Andrew Martin has 10 years of investment management and commercial real estate experience, with a focus on raising capital. In his new role, he will work for the company’s private capital investors.
Oakland 278 KSF Office Tower Changes Hands
In a partnership with KRR’s Real Estate Partners Americas Fund, Harvest Properties acquired a 15-story building in Oakland, Calif. The property is located directly across from Lake Merritt and its adjoining park.