West
Construction Begins on 2 LA-Area Industrial Facilities
Prologis is developing two Class A industrial buildings totaling more than 346,000 square feet in Vernon, Calif., a town with an industrial inventory of about 56 million square feet.
Phoenix Newspaper Headquarters Sells for $38M
The ViaWest Group acquired the Arizona Republic’s headquarters in the city’s central business district. Current tenants, all affiliates or spinoffs of Gannett, will remain at the property.
Portland Office Assets Change Hands
Tigard Corporate Center is comprised of two-story buildings totaling more than 120,000 square feet of Class A office space. The properties are fully leased to two tenants.
Kilroy Realty Sells LA-Area Office Park for $78M
The 225,000-square-foot campus encompasses two four-story buildings and a two-story building completed in 2000 and 2001. At closing, the asset was 96 percent occupied.
Equus Capital Sells 345 KSF Office in Scottsdale
Working on behalf of the seller, Newmark Knight Frank facilitated the disposition of Raintree Corporate Center, a two-building, multi-tenant asset.
Close-up on the Industrial Market
In a video interview, Ten-X’s Peter Muoio discusses the sector’s challenges and opportunities and sheds light on what’s driving demand in California.
Lee & Associates Brokers LA-Area Inn Sale
Y&C Pacific paid roughly $8 million for Good Nite Inn in Whittier, Calif. Andy Investment Co. sold the 102-key asset after three decades.
Rexford Industrial Ends 2018 With 2 Deals
The Southern California REIT completed transactions totaling $29.9 million in metropolitan Los Angeles, where demand for distribution space remains at record levels.
Seattle’s Original Rainier Brewery Gets New Owners
ScanlanKemperBard and ReCap Real Estate Investment purchased the historic mixed-use property that is home to more than 50 tenants in Seattle’s industrial Georgetown neighborhood.
Equus Acquires Seattle-Area Complex for $38M
The tech campus is located in the Bothell submarket and consists of more than 200,000 square-feet of office and flex space. Investcorp was the seller in the transaction.