West
Grosvenor Appoints Next CEO
Steve O’Connell will succeed Andrew Bibby, who after 35 years with the firm, will retire on December 31. O’Connell previously served on the firm’s development team and as managing director of investment.
Kearny Appoints New VP of Acquisitions, Project Management
Steven Hillgren, who is joining the company’s Los Angeles office, adds nearly 10 years of real estate lending experience to Kearny’s roster.
Silicon Valley Office Campus Lands $71M Refi
CBRE has arranged the financing on behalf of Rockwood Capital and Four Corners Properties, the owners of The Junction at Montague, a four-building, 262,110-square-foot property in San Jose, Calif.
Irvine Co. Boosts SoCal Grid With Electric Hybrids
A 21-building Orange County portfolio will contribute as much as 10 megawatts during peak demand.
Apex International Expands Footprint with New Lease
DAUM Commercial arranged the lease transaction of a newly upgraded industrial facility in Rancho Dominguez, Calif. The tenant is relocating from a nearby 34,500-square-foot facility.
JV Buys 2 California Office Buildings for $37M
The acquisition is part of Harbor Associates’ and Bascom Group’s $500 million investment plan throughout the Western U.S., over the next two years.
NKF Hires New Executive Vice President in Sacramento
In his new role, Chris Lemmon will be responsible for the brokerage firm’s Sacramento and Roseville branches, replacing Devon Atlee.
CIM Group Buys Denver Office Complex
The purchase of the LoDo Towers is the company’s first deal in downtown Denver, but it has been working on a large redevelopment project a few miles away.
CRG Taps Into Portland Industrial Market
The company will develop a 350,000-square-foot speculative industrial and logistics facility in Troutdale Reynolds Industrial Park, scheduled for completion next summer.
Murphy Development Kicks Off San Diego Spec Project
The nearly 80,000-square-foot Class A industrial building will be part of the 116-acre Siempre Viva Business Park in Otay Mesa.