News
Avison Young Names New VP
Natalie Allred brings more than 25 years of asset management experience to the company, having served in various leadership positions throughout her career.
NAI Closes Bay Area Shopping Center Sale
The company represented both the buyer and the seller of the 50,047-square-foot neighborhood center in Newark, Calif., in this off-market transaction.
KBS Inks 33 KSF at San Francisco Office
Landmark Education and Pentaho both renewed leases at 353 Sacramento. The Class A, 23-story tower offers a total of 284,751 square feet of space, including 8,300 square feet of retail.
VTS Expands Manhattan Lease
The company occupied 15,769 square feet across the entire 11th floor and will now take over another 15,931 square feet on the 10th floor, keeping its headquarters location through 2024.
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.
Prologis to Buy Out Brazilian JV Partner for $362M
Upon closing, during the second half of the year, the company will own a full interest in 20 industrial properties, with an average occupancy of 90 percent.
Crowne Plaza Ravinia in Atlanta Lands New Owner
Sold by Ashford Hospitality Trust, the 495-key property in Dunwoody changed hands for $89 million. The former owner had bought the hotel in 2011 as part of a $1.3 billion portfolio.
Marcus & Millichap to Market Net-Lease Portfolio
The group of 17 properties encompasses 200,000 square feet of retail space and carries a price tag of $77.3 million.
U of Utah Health Inks Redevelopment Lease
Cushman & Wakefield Commerce and CBRE represented the tenant. The Sugar House building is part of a wider mixed-use area revitalization by Westport Capital Partners LLC.
Caesars Opens Las Vegas Entertainment Studio
The 48,000-square-foot state-of-the-art facility is the first of its kind in Nevada. The state’s recent tax credits bill for the industry is expected to draw more production companies and new development.