West
Top 5 Phoenix Submarkets for Office Transactions
Investors have focused on high-end and value-add properties across several key areas of the metro as demand for modern office space continues to climb.
Los Angeles Industrial Asset Commands $104M
Westcore Properties sold a 543,000-square-foot facility in Santa Fe Springs, Calif. With this acquisition, the buyer’s industrial portfolio in the metro increased to 2.2 million square feet.
San Diego Office Portfolio Trades for $16M
JLL represented LBA Realty in the disposition of two single-tenant assets totaling 60,139 square feet.
Terreno Realty Grows West Coast Portfolio
The company has expanded its footprint in the San Francisco Bay Area, with the acquisition of a 93,000-square foot industrial facility.
Matthews Real Estate Expands Presence in Northern California
The company’s new office is located in Walnut Creek, Calif., around 25 miles from downtown San Francisco.
Facebook-Occupied Property Sells for $16M
The 24,431-square-foot office/industrial property is net leased to Facebook. The company plans to upgrade the facility to suit its needs.
Denver Mid-Rises Trade for $72M
DPC Cos. and Bridge Investment Group sold two 11-story buildings located within the Denver Tech Center.
REIT Closes $123M in Southern California Acquisitions, Sales
Rexford Industrial Realty has added five properties totaling nearly a half-million square feet to its portfolio in separate transactions, and partially financed the purchases with two dispositions.
Blackstone Sells Phoenix’s Largest Resort
Trinity Real Estate and Elliott Management have acquired JW Marriott Desert Ridge, a 396-acre luxury property.
Marriott Hotel Opens in San Diego
The 222-key TownPlace Suites is located close to San Diego International Airport and the downtown area.