Regions
Heitman’s LA Office Tower Earns LEED Platinum
The 640,000-square-foot property—completed in 1971—lowered its electrical consumption by 21 percent since 1998. Additionally, sustainability features include a water reduction of 3.7 million gallons annually since 2010.
Cress Continues Western US Shopping Spree
With the $89.5 million purchase of a five-building Class A office portfolio in Cerritos, the Newport Beach-based company has made its fourth significant acquisition in the past 18 months.
Stan Johnson Arranges Sale of Chicago-Area Flex Building
Crystal Acquisitions paid $11.4 million for the Arlington Heights asset, which is fully occupied by two tenants: Intertek and Gigenet.
LA-Area Industrial Business Park Sells for $85M
BKM Capital Partners acquired the fully leased facility located in Burbank, Calif. The company plans to invest in capital improvements to enhance the value of the property.
Missner Group Breaks Ground on Illinois Industrial Project
The 173,000-square-foot 88 Orchard in Aurora will be located on a 9.7-acre site and will feature 32-foot clear heights and a 12-trailer parking lot. Construction is scheduled for completion by spring 2019.
Boston Hotel Project Receives $300M Loan
New Boston Hospitality and Omni Hotels & Resorts will use the financing, provided by a syndicate of banks, to construct a 1,055-key luxury property.
Hanley Investment Arranges Sale of Sacramento Retail Center
Spreading across a 7-acre site at the intersection of Club Center Drive and Natomas Boulevard, the property is anchored by CVS Pharmacy, Ace Hardware and Dollar Tree.
DTLA Plaza Adds New Tenant
UNIQLO will occupy the seventh floor of The Bloc, a mixed-use development located in the heart of Los Angeles. The location marks the brand’s first store in downtown.
Public Storage Expands Houston Portfolio
Charmel Storage and Bellomy & Co. have arranged the sale of a 941-unit self-storage facility on behalf of the seller. The brokerage team also procured the buyer.
Jackson Capital Group Launches in Seattle
The brokerage firm will provide investment advisory services, with an immediate focus on the office and industrial sectors.