West
Broe Real Estate Nabs 3-Building Colorado Springs Portfolio
The properties total roughly 210,000 square feet of flex/office space and are located within the Briargate Office Park. The new owner is set to implement a renovation program.
CA Value-Add Retail Site Trades for $21M
HFF represented the buyer, Merlone Geier Partners, in its purchase of Warner West, a 73,427-square-foot retail property in Huntington Beach. The asset was 78 percent occupied at the time of sale.
Faegre Baker Daniels Moves to Downtown Denver
The full-service law firm will occupy more than 50,000 square feet at 1144 Fifteenth St., a newly constructed, 40-story trophy building in the city’s LoDo District.
Sacramento-Area Shopping Center Sells in Record-Setting Deal
Donohue Schriber sold a Trader Joe’s-anchored, 242,000-square-foot retail asset in Elk Grove, Calif., to Acadia Realty Trust. NKF Capital Markets represented the seller.
Denver’s New Heights
After going through multiple design iterations over the past 20 years, 1144 Fifteenth broke ground in 2015 and was finally completed in March 2018, becoming the city’s first Class A office tower in more than three decades.
Kidder Mathews Brokers $10M Shopping Center Sale in Phoenix
The firm represented LNR Partners in the sale of Maricopa Marketplace. The property is shadow anchored by Fry’s Marketplace and was 95 percent occupied upon closing.
San Diego-Area Office Property Trades for $27M
NKF Capital Markets represented the seller, New York Life Real Estate Investors, in the disposition of Centerpoint Plaza in Carlsbad. The 97,823-square-foot, multi-tenant building was 87 percent leased at the time of sale.
Deliveries to Test Thriving San Francisco Market
San Francisco’s office market continues to be bolstered by major companies willing to pay a premium to be in the country’s largest tech-driven metro, counteracting smaller players’ shift to less expensive areas.
City Office REIT Expands in Metro Phoenix
The Quad, a 1982-vintage asset in Scottsdale, was recently redeveloped as a creative office campus. The property sold for $51 million.
Terreno Realty Lands $36M Industrial Asset
The East Bay property, roughly 82 percent leased to seven tenants, includes more than 200,000 square feet of distribution and 16,000 of office space across four buildings.