West
On the Market: 5 Interesting Listings for August
This month’s listings include several modern office buildings on the West Coast; a top-of-the line medical center in Fort Wayne, Ind.; and a recently completed retail center in Kennewick, Wash.
CBRE Global Investors Acquires $49M Phoenix Facility
The distribution center changed hands with help from JLL Capital Markets, which arranged the transaction on behalf of the seller.
Kimco Realty Trades Colorado Shopping Center
The disposition is part of the retail REIT’s strategy of selling between $700 million and $900 million in assets this year.
Historic Downtown Seattle Hotel Changes Hands
GEM Real Estate has purchased Kimpton Palladian Hotel, a 1910-built property placed on the National Register of Historic Places. The 97-key luxury hotel includes 1,100 square feet of meeting space.
Silicon Valley Office Asset Lands 300 KSF Tenant
Federal Realty Investment Trust signed software company Splunk Inc. to a 319,000-square-foot lease in its new Class A building, scheduled to open in 2019.
Xcel Energy’s $2.5B Clean Power Plan Gets the Green Light
Colorado’s main energy provider intends to replace two aging and high-emitting coal units in Pueblo with renewable sources including wind and solar.
BofI Federal Bank Expands San Diego Office, Rebrands
The company will occupy two penthouse floors at Pacifica Tower, which haven’t been on the market since three decades ago, this time under the name of Axos Bank.
EverWest JV Lands $13M for CA Industrial Property
The three-building asset is located in City of Industry and comprises a total of 165,681 square feet. HFF worked on behalf of the borrower.
PopSockets Relocates CO Office
The manufacturer has signed to occupy 46,000 square feet at Boulder’s Flatiron Park. The deal marks the largest office lease in the market year-to-date.
Artis REIT Acquires AZ Office Campus
JLL represented the seller, Invesco Real Estate, in its disposition of Stapley Center, a three-building Class A property in Mesa.