Regions
River City Chosen for Spec Office Development
The Rebkee Co. and developer Serabi are in the early stages of a plan to raze an existing warehouse at 949 Myers St. If plans are approved by the city, a 63,800-square-foot, three-story office building will rise on the site of the former Interbake Foods property.
Lee & Associates Arranges Sale of Van Nuys Film Studio
Esh Holder acquired the property for around $8.8 million in the tight Van Nuys submarket, which has an industrial vacancy rate below 1 percent.
$30M Dignity Health MOB Underway in Sacramento
Panattoni Development Co. is developing a 68,000-square-foot health facility in Citrus Heights, Calif. The project is slated for completion by spring 2019.
West Elm’s First West Coast Hotel to Open by 2020
The retailer’s hospitality venture with DDK will develop a mixed-use property in Oakland in partnership with Signature Development Group and Jordan Real Estate Investments. The Oakland property marks the sixth market for West Elm Hotels.
Jack Resnick & Sons Makes Promotions
Brett Greenberg has taken over as the firm’s new executive managing director of leasing, replacing the recently retired industry veteran Dennis Brady. Adam Rappaport has taken over Greenberg’s former position as managing director of leasing.
J Street Welcomes Industry Veteran
Mike Balaban joined the Washington, D.C.-based company as development executive. Previously, he headed Lowe Enterprises’ non-hospitality East Coast activities.
Amazon Web Services Creates 1.5K Jobs in VA
The cloud services division of Amazon.com will take over the 406,855-square-foot Class A building at 13200 Woodland Park Road in Herndon, Va. One Dulles Tower features 406,855 square feet of office, 3,500 square feet of retail and a 10,000-square-foot data center.
SVN Mediates Sale of Chicago Retail Center
The 6,600-square-foot Northfield property was completed in 2015 and is fully leased to three tenants, one of them being Dunkin Donuts.
Downtown San Jose Revival: From Historic YMCA Building to Hotel
RSTP Investments LLC opened Hotel Clariana after two years of interior renovations and plans further expansion of the historic property. The owners kept the facade, but transformed the interior.
Life Storage Acquires 3-State, 18-Asset Portfolio
The investment trust acquired 1.5 million square feet of self-storage space in Arizona, Nevada and Tennessee. Since the beginning of 2017, Life Storage has purchased 25 assets.