Regions
Creative Office Sells for $31M in Santa Monica, CA
The Class A+ property traded for one of the highest prices per square foot ever recorded outside of New York City. The deal reflects the increasingly competitive commercial market in Santa Monica, Calif.
Boulder Group Completes IL Retail Deal
The buyer, an East Coast-based private investment group, paid $7.2 million for the net-leased Walgreens property. The transaction was a 1031 exchange.
NKF Brokers Sale of South LA Office Building
Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. The asset is fully leased to Unify Financial Credit Union.
Stream Expands Property Management Portfolio
Stream Realty Partners’ Mike Adams and Blaine Annett will lead leasing efforts at 199 South Los Robles in Pasadena, Calif. Jennifer Costa and Tania Chavez will be in charge of managing the property on behalf of the owner.
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
McKnight Realty Lands $42M in Pittsburgh Office Refi
HFF secured a first mortgage loan through Starwood Mortgage Capital and a mezzanine loan through Morrison Street Capital for a Class A office tower located in the city’s central business district.
Perkins+Will Hires Director of Business Development
Brigitte Beltran will be in charge of identifying and implementing workplace strategies for corporate clients. She will collaborate with the company’s director of interior design and the science and technology regional practice leader.
Colliers Appoints New Senior Managing Director
With nearly three decades of real estate experience, Thomas Shirock will focus on strengthening the New York Tri-State Consulting Group’s business lines.
Times Square Office Tower Gets 2 New Tenants
Knotel and Poke Signature will occupy office and retail space, respectively, at the 20-story 9 Times Square, which was recently repositioned by owner American Realty Capital New York City REIT.
Santander Bank Building in Cambridge Trades for $30M
The transit-proximate property was constructed in 1928 and is surrounded by 20 million of square feet of office and laboratory space.