West
U-Haul to Transform Retail into Storage Facility
The company plans to convert a former Kmart store in Ammon, Idaho, into a 900-unit climate-controlled self-storage facility. The asset is expected to open in 2019.
EverWest Snags $43M San Diego Office Asset
Cushman & Wakefield Capital Markets represented the seller, an affiliate of Cruzan, in its disposition of DMcp, a 74,402-square-foot creative office property that recently underwent $4.4 million in renovations.
Ivanhoé Cambridge Plans $450M Industrial Project in Inland Empire
The company has purchased 150 acres for the construction of Colony Commerce Center, a 3 million-square-foot Class A complex to be developed by CapRock Partners.
Bershon Realty Sells Orange County Shopping Center
Hanley Investment Group has arranged the disposition of Hunter Court, a 127,360-square-foot retail property in Lake Forest, Calif., anchored by a CVS pharmacy and Ross Dress For Less.
LA Lakers Facility Feeds Off Sun Power
The LEED Platinum-certified training center’s solar panels will cut energy costs by about $38,000 annually and pay for themselves in four years.
Shea Properties Kicks Off 500 KSF Industrial Project in Orange County
Comprising nine buildings on the 25-acre former ITT campus in Santa Ana, Calif., the development will provide the local market’s first new industrial product in a dozen years.
VanTrust Completes 117 KSF Office in Chandler, AZ
The company has tapped Colliers International to manage leasing activity at the property, which is situated in an area with significant demand for quality suburban office space.
Home2 Suites to Open 1st Modular Hotel in San Francisco
Akshar Development is set to deliver the project in nearly half the time it takes for a traditional building to be completed in the Bay Area market.
South Bay Office Asset Nets $180M
A joint venture between Northwestern Mutual and McCarthy Cook purchased the Class A Mountain View property, which contains nearly 115,000 square feet across three buildings.
L’Oréal Inks 240 KSF Lease in Southern California
Co-developers Majestic Realty Co. and Tejon Ranch Co. secured a commitment from the beauty company to house the distribution operations of its SalonCentric subsidiary.