West
Related Cos. JV Breaks Ground on $1B LA Project
Designed by Frank Gehry, The Grand will feature retail offerings, a movie theater complex, a 309-key hotel, as well as open space and a 39-story multifamily tower.
JV Receives $55M for Denver Office Asset
The property previously served as the administrative back office center for CenturyLink. The borrower plans to transform the property into a state-of-the-art office center.
LA Storage Facility Secures Construction Loan
World Class Capital Group and Barings received $30 million in financing for a 188,600-square-foot project in the city’s Chinatown neighborhood.
Portland Office Market Set for Strong Start in 2019
Buzz Ellis, managing director at JLL, shares his thoughts on the most sought-after Portland submarkets for investment, as well as his predictions for the year ahead.
Sun Hill Properties Acquires 2 CO Hotels
The company acquired the two Marriott-brand properties and plans to upgrade both hotels. The TownePlace Suites Denver Southwest provides convenient access to downtown Denver.
Clarion Partners Buys $336M San Francisco Office
Jack Resnick & Sons sold the nearly 430,000-square-foot Class A office asset, which last changed hands as part of a 1.9 million-square-foot portfolio transaction in 2006.
Park Hotels Sells Phoenix Asset for $51M
The lodging REIT’s disposition of the 563-key Pointe Hilton Squaw Peak Resort is part of its portfolio transformation strategy.
Omninet Sells San Diego Office Complex for $19M
The transaction marks the buyer’s entrance into the metro’s office market. A Newmark Knight Frank team brokered the deal on behalf of the seller.
Transwestern Names New Regional Presidents
Bruce Ford will lead the firm’s eastern operations, while Chip Clarke will be in charge of the commercial services business in the western U.S.
San Jose Office Asset Commands $63M
The Muller Co. teamed up with CIGNA Investment Management to purchase the 104,000-square-foot Century Plaza. Cushman & Wakefield negotiated the deal.