Regions
San Diego Office Complex Gets 2 New Tenants
JLL arranged two leases at Scripps Plaza, a two-building office campus in San Diego. The asset is located next to the Scripps Ranch Marketplace, and recently underwent renovations to expand its amenities and parking.
C&W Arranges $72M NorCal Retail Sales
Argonaut Investments, Hastings Ranch Shopping Center and Victory Village 2004 snagged three shopping centers in Rohnert Park, Fresno and Pinole.
Boston Properties Buys NJ Office Asset
The company added another 96,000 square feet to its Princeton, N.J., inventory with the acquisition of a Class A office asset located within the 560-acre Carnegie Center. Cushman & Wakefield brokered Mack-Cali Realty Corp.’s $16 million sale of the asset.
Economy Watch: State Unemployment Rates Mostly Flat in June
Thirty-eight states and D.C. had stable unemployment rates for the month, while 10 states saw decreases and two states saw increases, according to the latest Bureau of Labor Statistics report.
Hersha Sells 3 Hotels, Acquires Westin Philadelphia
The company disposed of a portfolio consisting of three Hyatt House hotels, located in California and Arizona. The 294-key Westin Philadelphia is part of the Liberty Place mixed-use complex that also features office, retail and residential.
Meridian Arranges $21M Refi for NYC Property
The eight-story mixed-use asset features four commercial units and 20 luxury apartments and is in close proximity to the Subway Line 1 at Houston Street.
Trump Bump Gone, Optimism Still Prevails: RCLCO Survey
Almost two-thirds of respondents think the coming downturn won’t begin until 2019, while about a quarter believe it will be next year.
Hines Acquires 650 KSF Berlin Office Campus
The buyer acted on behalf of a Korean real estate fund managed by Vestas. The three-building Allianz Campus is slated for completion by the end of 2018.
Douglas Emmett, QIA Buy $177M Beverly Hills Asset
The 10-story office building is 85 percent leased to a tenant roster including Wells Fargo, Sotheby’s, Morgan Stanley and Longo Law Group.
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.