Razvan Cimpean
San Jose Office Building Trades for $82M
The 155,000-square-foot facility changed ownership for the third time in two years. The previous owners acquired the property half a year ago.
Biggins Lacy Expands to Bay Area
Biggins Lacy Shapiro & Co. has opened its first West Coast office in Walnut Creek, Calif. Andy Shapiro will manage the new branch, located in the first building of Treat Towers.
Rees Properties Acquires Redwood City Office Asset for $32M
HFF marketed the sale on behalf of Griffin Capital, who acquired the property in 2007 for $24 million from DPR Construction. The sale of 1450 Veterans Blvd. was subject to a $17.9 million loan held by Northern Trust.
Fort Worth Shopping Center Gets New Name, Tenants
West Elm, Common Desk and C.H. Robinson are the new tenants announced for the recently rebranded Crockett Row at West 7th. They will open in phases and will occupy a combined 36,000 square feet of retail and office space.
MCA Realty to Develop 140 KSF Industrial Facility
With completion scheduled for the end of the year, MCA Realty is set to break ground on the new industrial development this month. CBRE and Lee & Associates represented MCA in the acquisition of an 8-acre parcel in Temecula, Calif., for the project.
Staples Sells Corporate Office Building in Denver
Elevations Credit Union paid $16.5 million to acquire the property, which is part of the Interlocken Business Park in Broomfield, Colo.
Kroger-Anchored TX Shopping Center Lands $19M Loan
Metropolitan Capital Advisors Ltd. has arranged a construction loan for the second phase of the Prosper, Texas, shopping center. The 70 percent loan-to-cost financing features a fixed rate of 4.5 percent.
Shops at Willow Bend Gets $125M Renovation, Expansion
The construction of the next phase began one year ago and will be completed in phases. The shopping center will introduce new restaurant and retail concepts, as well as a 200,000-square-foot office tower.
Bay Area Office Campus Changes Hands
PCCP LLC and Align Real Estate formed a joint venture to acquire Walnut Creek Center, a two-building, 236,122-square-foot, Class A office facility. The new owners plan to invest approximately $3 million in capital upgrades.
Dallas Cambria Hotel Earns LEED Silver
The four-story, 129-key hotel is the first Cambria Hotel to receive LEED certification. Opened in March 2015, the facility was recognized for installing electric car charging stations, for reducing water use, as well as for using solar power and low-emitting building materials,