West
Metro LA Office Campus Changes Hands for $47M
SteelWave sold The Arbors, in Thousand Oaks, to Felton Properties. In less than five years, the four-building asset has gone from an REO near-foreclosure to a major renovation.
Airbnb’s Life After New Regulations
As the new law requiring hosts to register with the city went into effect in San Francisco, the room-sharing company had no choice but purge more than 4,500 listings. How has this impacted the local short-rental business, compared to other California metros?
Aligned Energy Expands Phoenix Facility
The company will add 60 megawatts with its 200,000-square-foot expansion. The colocation data center is a Tier III facility which already delivers a total of 120 megawatts to tenants.
Harbor Buys 2 Office Campuses in SoCal Suburbs
In separate cash transactions totaling $56 million, the value-add real estate investment company acquired Valencia Gateway and Conejo Corporate Campus, two properties totaling 356,100 square feet.
Transwestern Closes CA Office Campus Sale
The complex comprises 46,935 square feet across four buildings in Lafayette. The site is within close proximity to BART and Highway 24.
Transwestern Taps New VP of Agency Leasing
Billy Woodward specializes in office and flex agency leasing, providing customized advisory services for investment and entrepreneurial owners of commercial real estate.
California Shopping Mall Goes Solar
Hanford Mall is now powered by a 1.6-megawatt rooftop solar system able to generate almost 3 million kilowatts of clean energy annually.
Morgan Opens Pearl La Floresta in OC
The 204-unit community located in Brea, Calif. is now available for leasing. The asset marks the first Pearl development in Orange County.
Faris Lee Arranges Sale of Retail Center in CA
Southwood Village, a 66,958-square-foot facility in Torrance, Calif. traded to a private 1031-exchange buyer, based in the South Bay. The asset changed hands for $21 million.
Majestic Asset JV Nabs 2 LA-Area Office Buildings
Equity Office Property Trust sold the 94,000-square-foot Westlake Gardens. NKF Capital Markets negotiated the deal on behalf of the seller.