West
Forest City Sheds 1.2 MSF Shopping Mall
The company sold the Los Angeles-area asset to QIC as part of a 10-mall portfolio transaction expected to close this year.
Friendly Hills Marketplace in CA Sells for $40M
CBRE and NRP-West brokered the sale on behalf of the seller, Oppidan Inc. CBRE has also arranged an acquisition loan for the buyer.
Large-Scale Industrial Project Breaks Ground in Phoenix
Irwin G. Pasternack AIA + Associates celebrated the start of construction for TEN Distribution Center 1, which is part of a planned $300 million, 3.6 million-square-foot industrial park.
Donahue Schriber Nabs San Francisco Retail Asset
The acquisition of the property, which serves three of the city’s neighborhoods, was funded by a mortgage held by TIAA.
BLT Enterprises Inks 3 SoCal Leases
Enterprise Rent-a-Car, NN Inc. and United Rentals Realty have signed industrial leases totaling more than 100,000 square feet in Irvine and Santa Monica.
DAUM Closes 200 KSF CA Industrial Lease
United Exchange Corp., a global manufacturer of consumer goods, signed an 87-month lease at a newly built warehouse in Rialto, Calif., and will be relocating from it’s Cerritos, Calif., facility.
REIT Gets SEC OK for St. Regis Aspen Resort IPO
Upon closing of the $33.5 million initial public offering, the company would become the first single-asset REIT to list on a U.S. securities exchange.
Tempo Automation Signs San Fran Lease
The company will relocate its headquarters to approximately 42,000 square feet of industrial space just outside the city’s downtown area.
Transwestern Handles Sale of Denver Flex Property
The office and warehouse development in the High Pointe Business Center was built in 2001 and is fully occupied by a diverse mix of stable, industry-leading tenants including Eaton Corp., AimLock and Beabout Brock Easley.
San Jose Office Development Lands First Tenant
An IT firm plans to occupy building number one at the Coleman Highline development by 2019. The owner plans to add four more structures on the same site.