Los Angeles
Watson Land Promotes Jeffrey Jennison to CEO
Jennison replaced Bruce Choate, who retired in March after 26 years with the company. In his new role, Jennison will oversee Watson’s portfolio and operations.
Homewood Suites by Hilton Opens Redondo Beach Property
The 184-key hotel is owned by Mogul Capital and managed by Evolution Hospitality. The property is less than five miles from LAX and Redondo Beach Pier.
LA Retail Asset Lands $29M in Financing
HFF represented the borrower in securing the two-year, fixed-rate loan for the acquisition of a 244,000-square-foot retail structure anchored by Macy’s.
Honda Breaks Ground on $30M Dealership in South LA
The 210,000-square-foot project is part of a neighbourhood revival which includes other high-profile developments. The company plans to relocate from downtown LA in the summer of 2018.
RiverRock Taps SoCal VP
Shane Flanigan brings nearly 15 years of industry experience to his new role and will oversee all operational activity with a focus on client service and portfolio growth.
Henkel, Dentsu Aegis Ink Lease at Upcoming LA Office Project
Carl Muhlstein and Hayley Blockley of JLL and IDS Real Estate Group’s Dave Saeta and Rob Fuelling arranged the leases at C3 at Culver Pointe.
Cambria Hotels Debuts in California
The 152-key property near Los Angeles International Airport is the first of several projects the brand plans to open in the area.
Hudson Pacific Nabs $200M Hollywood Studio
The 369,000-square-foot media and entertainment campus at 1040 N. Las Palmas Ave. first opened the doors of its stages and bungalows in 1919.
Terreno Realty Sells 162 KSF Industrial Asset in LA
The property, which is located in Whittier, Calif., sold for $25.3 million and generated an unleveraged internal rate of return of 14.5 percent.
EMMES Nabs OC Towers in $220M Value-Add Deal
The property marks the firm’s third acquisition in the Orange County market, although the company exited the region in 2015, when it sold 4000 MacArthur in Newport Beach.