West
Bridge Development Breaks Ground on LA-Area Industrial Facility
The company has launched construction of Bridge Point Vernon, a 117,360-square-foot asset located three miles south of downtown Los Angeles.
Marriott Secures $40M Loan for Tucson Asset
The 136-key AC Marriott is the first hotel to be built in the city’s downtown since the early 1970s. Walker & Dunlop arranged the financing.
SoCal Industrial Facility Changes Hands
Ironwood Partners traded the recently completed, 120,756-square-foot food-grade warehouse for nearly $16 million. The new owner fully occupies the property.
Optimus Properties Acquires LA-Area Office
The one-story structure 20 miles south of central Los Angeles contains more than 60,000 square feet. The county government is the only tenant the building.
Bixby Land Names New President, CEO
Aaron Hill has served the firm for 13 years, focusing on expanding the company’s commercial real estate operating platform.
Tapestry Collection by Hilton Opens First Pacific Northwest Hotel
The Hotel Group and Hilton launched The Sound Hotel, a 142-key project within the Arrivé tower in Seattle’s Belltown neighborhood.
Harbor Group, Paramount Acquire San Francisco Office Asset
The joint venture paid $227 million, or $775 per square foot, for the 293,000-square-foot office building at 111 Sutter St. The CBD property is LEED Gold-certified.
The Swig Co. JV Sells LA Creative Campus
In the $39.2 million deal, Alexandria Real Estate Equities acquired Bristol 61 in Culver City after the sellers modernized and rebranded the asset.
JLL Names Silicon Valley VP
Nicole Zanghi is now part of the company’s agency leasing team. Previously, she was vice president of JLL Capital Markets for the Bay Area.
San Diego Office Portfolio Commands $77M
A joint venture acquired the four-building collection of properties within the Liberty Station development from McMillin Cos. The partners also secured $58.9 million in financing for the purchase.