West
Single-Tenant Retail Asset Changes Hands in NM
The 43,484-square-foot property is on the border of New Mexico and Texas. The only tenant of the building is a grocery store.
The Koll Co. Buys 65 KSF CA Office Asset
The firm has added to its portfolio an office building located between Riverside and Orange counties. CBRE worked on behalf of the seller, UBS Realty Investors.
Faris Lee Makes New Hire
As senior managing director of capital markets, Jay Quinn will be responsible for debt and equity finance transactions across the U.S.
Asana Partners Buys LA Mixed-Use Portfolio
Engine Real Estate traded The Fig Collection at Highland Park for more than $23 million. The three-property portfolio includes multifamily, retail and office space.
Equus Capital Sells Major San Jose Mixed-Use Project
Jay Paul Co. acquired City View Plaza, a 580,000-square-foot office and retail asset. NKF Capital Markets negotiated the deal on behalf of the seller.
Boston Properties Invests in NYC, LA Assets
The office transactions, which total more than 3 million square feet and involve partnerships, give the REIT a stake in Manhattan’s 3 Hudson project and West Los Angeles’ Santa Monica Business Park.
PGIM Sells Inland Empire Office Building
Greenlaw Partners purchased One Piemonte, a nearly 125,000-square-foot Class A building, for $29.5 million. The buyer funded the acquisition with a $19.2 million loan.
Sonnenblick-Eichner Arranges $50M Refi for Seattle Hotel
The company closed on financing for the 153-key Hotel Theodore, a recently renovated asset in the metro’s downtown area.
Spaces Takes 66 KSF in West LA
The coworking firm continues to capitalize on demand for flexible work space with a lease at the former Univision building, now owned by CBRE Global Investors.
Phoenix’s Continuous Momentum
Phoenix’s office market continues to bloom, as a result of increased interest from tech companies attracted by the metro’s business-friendly climate.