Regions
SoCal Investment Firm Nabs 2 Las Vegas Industrial Parks
CapRock Partners purchased two multi-tenant industrial parks totaling 203,134 square feet. The newly purchased assets are located less than two miles away from the Las Vegas Strip.
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.
Economy Watch Weekly: Job Creation Rebounds in April
The U.S. economy created 211,000 jobs in April, a nice improvement from the mere 79,000 jobs created the month before. Economy Editor Dees Stribling breaks down the job growth by sector.
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.
Economy Watch: Construction Industry Loses Momentum in April
Despite April’s decline, the Dodge Momentum Index remains largely up, according to Dodge Data & Analytics. This suggests that construction activity still has room to grow in 2017.
Ohio Quarter Horse Association Relocates to Columbus
The association will move from Richwood, Ohio to a 26,000-square-foot mixed-use building in Columbus, Ohio once improvement work at the facility finalizes.
Grand Coast Capital Appoints New Managing Director
Former Fullerton Investors LLC Chief Operating Officer David Adams brings 14 years of expertise in asset management and investor relations to Grand Coast Capital Group.
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.
Penn Medicine Kicks Off $1.5B Philly Project
The Pavilion, a 1.5 million-square-foot hospital rising at the site of the former Penn Tower in West Philadelphia, marks the largest development in the university’s history.
CCP, Sabra to Create Healthcare Giga-REIT
The combined company is expected to have an equity market capitalization of $4.3 billion and a pro forma market cap of about $7.4 billion.