Regions
DivcoWest Grabs 170 KSF Class A Building in San Francisco
DivcoWest continues its office property-shopping spree, picking up the 170,200-square-foot building at 701 Gateway Blvd. in South San Francisco. The real estate investment and management firm purchased the Class A property from Broadway Partners.
PCCP Provides $73M in Senior Loans to Three Properties
PCCP has provided approximately $73 million in senior loans, including $46 million to KHP Fund II L.P., a real estate private equity fund sponsored by Kimpton Hotels & Restaurants, to finance the repositioning of two hotels and $27.4 to refinance Millbrae Paradise, a residential development in Millbrae, Calif.
Dorel Renews 528 KSF Industrial Lease in California's Inland Empire
In a deal brokered by services firm Cushman & Wakefield, Dorel Juvenile Group has re-signed for 528,000 square feet of industrial warehouse and distribution space in Fontana, Calif., renewing an arrangement that goes back to 2006.
Inland Buys Shopping Centers in Missouri, Tennessee for $74M
Inland Real Estate Acquisitions has picked up two shopping centers — one located in Branson, Mo., and the other in metro Knoxville, Tenn. — for a combined total of $74 million.
BPG's $83M Spend Nets Two Virginia Multi-Family Properties
BPG Properties has made an $83.4 million investment to acquire two multi-family communities in Fredericksburg, Va. Together, the two properties — Greens at Falls Run and Manor at England Run — total 676 units and are 95 percent occupied.
O'Connor Capital, Wafra Purchase Two Retail Centers Totaling 332 KSF
O’Connor Capital Partners and Wafra Investment Advisory Group have joined forces, acquiring The Promenade at Chenal in Little Rock, Ark., and Phase II of Settlers Ridge in metropolitan Pittsburgh, Pa.
Wilder Cos. Nabs 412 KSF Retail Management Contract for Two Properties
The Wilder Cos. has just added 412,000 square feet of shopping-center responsibilities to its plate. The retail real estate services firm won a contract to spearhead leasing and management at Suburban Philadelphia’s The Shops at Valley Square, and another assignment to provide the same services at Somerset Square, located just outside of Hartford, Conn.
Even More for Inland American: $393M in Hotel Purchases
Inland American Lodging Group Inc. continues to add upper-upscale and luxury assets to its portfolio, acquiring five hotels in five states with a total of 2,302 rooms this week for about $393 million.
Inland American Spends $113M on San Francisco Airport Marriott
In a deal valued at $112.7 million, Inland American Lodging Group has acquired the San Francisco Airport Marriott in Burlingame, Calif., from Host Hotels & Resorts.
Reports Suggest Marriott's Two New Downtown L.A. Hotels Badly Needed
All the hoopla surrounding the announcement of a $172 million, two-hotel project near the Los Angeles Convention Center looks like more than mere boosterism. The city needs modern hotel product to continue attracting convention dollars.