West
AREA15 to Bring Immersive Retail, Entertainment to Las Vegas
Real estate development firm Fisher Brothers and creative agency Beneville Studios have teamed up to deliver the 126,000-square-foot project by late 2019.
NorthMarq Arranges $157M Loan for Bay Area Office Project
Borrowers Bohannon Development Co. and Alexandria Real Estate Equities will use the financing to develop the 521,000-square-foot Phase II of Menlo Gateway, which will be occupied by Facebook.
Historic San Francisco Hotel Changes Management
Sonesta International will operate the 372-key luxury property. The asset, placed in the heart of the Tenderloin neighborhood, opened in 1915.
Public Storage Brings New Facility to Seattle
The firm has opened a new self-storage facility located in Puyallup, Wash. The property offers more than 1,200 units of storage space serving the local community.
Sunhill Corp. Lands 2 San Francisco Assets
The two adjacent buildings, totaling nearly 28,000 square feet, traded for more than $13 million and sit in the city’s SoMa district.
Hines JV Refinances Orange County Office Campus
The $144 million financing package will be used to retire existing debt and fund leasing efforts for the 452,203-square-foot Class A office asset.
Easterly Government Properties to Buy San Jose Outpatient Facility
The 2018-built property is part of the VA Palo Alto Health Care System and is fully leased to the Department of Veterans Affairs on a long-term basis.
Erewhon Market: An Organic Approach to Retail
Erewhon’s Jason Widener and Joyce De Brevannes, together with Slated Projects CEO Yuval Chiprut, spoke with CPE about the retailer’s Millennials-focused approach and other efforts that make it competitive in today’s market.
American Realty Advisors Snags CA Industrial Property
A joint venture between Batcheller Equities and Panattoni Development Co. sold the 143,930-square-foot facility in Anaheim, which is currently 100 percent occupied by Rosendin Electric.
Apple Hospitality Expands AZ Portfolio With $44M Phoenix Buy
Developed by Mortenson Construction and designed by PK Architects, the 210-key Hampton Inn & Suites by Hilton Phoenix Downtown marks the REIT’s 12th hotel property in the state.