West
DAD Acquires San Diego Hotel for $86M
The purchase of the 353-key Marriott Mission Valley marks the company’s first California foray. The owner also plans to develop a second property on the same site.
What to Expect From LA’s Office Market
NKF’s Jennifer Frisk touches on the changes in Los Angeles’ office landscape, undersupplied areas and the role of hospitality in the future of the sector.
Hawaii Peaker-Plus-Storage Plant Sets Record
The world’s largest operational solar and storage system boosts Kauai’s renewable energy supply to 50 percent.
OC Shopping Center Lands $101M in Financing
George Smith Partners facilitated the non-recourse bridge debt for DJM Capital Partners, with the package replacing existing senior and mezzanine loans.
Kidder Mathews Adds NorCal VP
Robert D’Elia has more than 40 years of experience in life science and biopharmaceutical facilities. His previous projects have a total value of $370 million.
BioMed Realty Buys $135M Bay Area Office Property
The company purchased the 250,000-square-foot Emeryville Center for Innovation in a sale-leaseback transaction. The deal also includes adjacent developable land parcels.
$1.7B Convention Center Expansion Underway in Seattle
Clark Construction and joint venture partner Lease Crutcher Lewis are handling the development of Summit, the 1.4 million-square-foot addition to the meetings and events facility.
Newmark Knight Frank Appoints New EVP
Paul Klink, who brings more than 30 years of real estate experience to the new position, will lead the company’s industrial services division.
West Hollywood Retail Sells for $25M
Crosbie Gliner Schiffman Southard & Swanson arranged the deal, which was structured as a sale-leaseback. The firm represented both the buyer and the tenant in the deal.
Talonvest Arranges $24M Loan
Working on behalf of Leon Capital Group, the firm has negotiated the financing for the development of two storage facilities in the Pacific Northwest.