West
Rosenthal Property Portfolio Sells for $16M
The 102,859-square-foot asset, located in East Los Angeles/Boyle Heights, traded to Maple DTLA LLC, a local apparel company and investor.
JV to Transform LA Mall into Office Property
Hudson Pacific Properties and Macerich will redevelop 500,000 square feet of Westside Pavilion into creative office space, reserving 100,000 square feet for its existing entertainment retail space.
IAC Acquires Phoenix Industrial Asset
A Kidder Matthews team led by Mike Ciosek, Eric Bell and Dylan Scott negotiated the deal for the 50,000-square-foot building.
Phoenix-Area Retail Center Trades for $22M
The 118,377-square-foot property located in Glendale is 97 percent leased, with Walmart as main anchor. Lee & Associates Arizona represented both the seller and the buyer.
Development’s Return in Los Angeles
Office development reached a cycle high of 2.3 million square feet in 2017, marking a 53.7 percent year-over-year increase. Construction has picked up in less popular areas such as Jefferson Corridor and downtown Long Beach, while North Hollywood emerged as the most active suburban submarket.
Chesnut Properties to Break Ground on 1.4 MSF Office Project
The company is building three campuses as part of the 210-acre Millenia Master Plan in Chula Vista, Calif. The multibillion-dollar undertaking also calls for as many as 3,000 multifamily residences; 1.5 million square feet of retail, hospitality, civic and mixed-use projects; six themed urban parks; and a variety of public spaces.
DiamondRock Grows Western Hotel Portfolio
The 242-key hotel first opened its doors in 2012, and is situated in downtown Phoenix, within the 1.2 million-square-foot CityScape mixed-use high-rise.
Skanska to Build Seattle-Area Schools for $78M
The company signed a contract with the Central Kitsap School District to construct a new middle school and high school in Silverdale, Wash. The facilities are expected to become operational in the 2019-2020 academic year and serve 2,100 students.
Rocky Mountain Power to Invest $1.5B in Wind
The electric company will expand its current wind generating capacity by about 60 percent, as part of its Energy Vision 2020 initiative.
Riding the Tech Boom in Seattle
Amazon and Google continue to boost office construction and leasing activity across the metro, drawn by a skilled workforce and booming economy.