West
L+R Enters U.S. Hotel Market
The company purchased the 283-key Hotel MdR—a DoubleTree by Hilton Hotel in West Los Angeles, which underwent extensive renovations and a repositioning in 2014.
C-PACE Turns Boulder Business Energy Efficient
The measures designed and implemented by Energesco Solutions for marketing agency Room 214 will generate annual savings of more than $39,000 and reduce the facility’s gas emissions by 1,869 metric tons per year.
California Military Department’s $135M HQ Breaks Ground
Walsh Construction Co. II and Stantec have teamed up to build the 285,000-square-foot, zero-net energy campus in Rancho Cordova, near Sacramento.
Scottsdale Plaza Resort in AZ Receives $64M Refinancing
The property’s owners will use the proceeds to retire an existing $57.2 million CMBS loan from JPMorgan Chase, which they secured in 2006.
Washington Prime Buys Montana Regional Mall
NKF Capital Markets, which handled the transaction, expects the disposition of the Southgate Mall in Missoula to be one of the largest 2018 mall sales in the Pacific Northwest.
Starboard Commercial Arranges Sale of Sacramento Retail Asset
Located at 318 N. Sunrise Ave. in Roseville, Calif., the 24,750-square-foot property built in 1992 has one tenant—Pet Club.
Conor Commercial Breaks Ground on Bay Area Project
The developer expects the nearly 815,000-square-foot industrial property to be complete in the second quarter of 2019. CBRE is marketing the space for lease.
JV Buys $12M Phoenix MOB
Constructed in 2012, the 34,000-square-foot property is 90 percent occupied by Banner Medical Group and the Center for Orthopedic Research and Education Inc.
Rexford Sells 1, Acquires 2 CA Industrial Properties
The firm sold an 11,808-square foot building in the Inland Empire, as well as purchased a 96,993-square-foot property in San Marcos and a 43,787-square-foot asset in Long Beach.
ESI Sells 179 Acres of AZ Business Park
The company has sold more than 61 percent of Surprise Pointe’s land to three different buyers: a developer, a distributor and a manufacturer. CBRE is representing the firm in the continuous sale of the 290-acre property.