West
The Changing Dynamics of Tenant Engagement
Connecting with building tenants is essential to promoting a healthy work environment, as well as to attracting and retaining new tenants, explained Michael Giese of GlenStar Properties at this year’s BOMA International Conference & Expo.
JV Breaks Ground on Dual-Branded Marriott Hotel
Located in an opportunity zone, the 259-key hotel will include 295,000 square feet of space and 4,200 square feet of meeting space. The property is scheduled to open in 2021.
Brookfield, Hearst JV Kicks Off $1B Project in San Francisco
The joint venture began work on 5M in the SoMa district, a mixed-use development set to include a residential component as well as office space and parks.
NorCal Industrial Building Receives $13M Refi
NorthMarq arranged the 10-year loan for a single-tenant, 348,500-square-foot facility located in Fairfield, Calif., around 3 miles from the city’s downtown.
Utah’s Salty Solar Storage Solution
An unusual geological feature in central Utah provides the setting for a plan to create a 1,000-megawatt solar energy storage project.
Transwestern Adds Experts to Phoenix Office
Kate Morris and Vince Femiano, who collectively bring more than 50 years of health-care real estate experience, and Kevin Smigiel, are joining the firm from CBRE.
Onni Group Lands $550M Loan for Miracle Mile Asset in LA
The Canada-based company bought 5700 and 5750 Wilshire Blvd., also known as Wilshire Courtyard, from Tishman Speyer for $630 million.
San Diego-Area Retail Center Commands $27M
After 12 years of ownership, Greenstreet Partners sold Poway Crossings, a 109,455-square-foot community shopping center in Poway, Calif. HFF facilitated the deal on behalf of the seller.
Duke Energy Solar Project Achieves Commercial Operation
Duke Energy Renewables acquired the 150-megawatt North Rosamond from a subsidiary of Clearway Energy Group. The solar farm generates enough energy to power approximately 71,000 homes.
Craft Brewer Cuts Costs by Installing Rooftop, Carport Solar
The solar system’s total size is 270 kilowatts and is estimated to reduce energy consumption by 30 to 40 percent.