West
KBS Nabs $147M Orange County Office Tower
The new owner of City Tower is set to embark on a renovation program that includes upgrading the exterior and the addition of a fitness center.
Terreno Picks Up Seattle Industrial Asset
The new owner plans to renovate the 235,000-square-foot warehouse. The building, which is 65 percent leased, is situated next to Union Pacific Railroad’s intermodal facility.
NKF Brings New Senior Managing Director on Board
Former Savills Studley Managing Director Jim Brown will focus on client relationship, account management as well as defining product and commercial offerings.
SoCal Community Reopens Following $10M Renovation
Decron Properties’ Reserve at Chino Hills includes 32 two-story buildings and 440 units. The company purchased the property in July of 2014 for $82.3 million.
EVEN Hotels Opens FL, OR Properties
Zieg Hospitality owns the 132-key Sarasota, Fla., hotel, while VIP Hospitality Group owns the 102-key property located close to downtown Eugene, Ore.
MBRE Healthcare Acquires $37M San Diego MOB
Cushman & Wakefield represented ShopCore Properties in the disposition of the 83,213-square-foot property, which is part of the larger Park Terrace, a walkable mixed-used development.
Union Investment Buys $149M Portland Hotel
The Germany-based firm has acquired The Porter, a 294-key hotel, located in the city’s central business district. The acquisition marks the company’s sixth property in the U.S.
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.