West
1 MSF Office Development Lands Approval in San Jose
A joint venture between TMG Partners and Valley Oak Partners has received re-zoning approval for a commercial development in the heart of the city. The proposed project is designed by Kohn Pedersen Fox Associates.
Ascentris Snags 143 KSF Office in the San Fernando Valley
A private investor sold Tri-Center Plaza in Van Nuys, Calif., to Ascentris. The new owner is set to embark on a renovation program that includes upgrading the exterior, amenities and modernizing the common areas.
CRG to Develop Former Intel Campus Near Seattle
With the recent purchase of the Seattle-area property, CRG will develop a two-phase, 1.6 million-square-foot institutional-quality business park on the site of a former Intel campus.
Working Around the Tax Bill, Other 2018 Hacks
Financial and business advisor Ray Sturm penciled out the real estate environment for 2018, in light of the revised tax legislation, budget cuts and challenges in affordable housing development.
China-Based Investor Buys Retail in Colton, CA
Evergreen Devco has sold the newly constructed asset for $8.9 million. The sale closed with market-leading pricing for the Colton submarket, at a 5.5 percent cap rate.
Pacific Hospitality Sheds Disneyland-Area Hotel
The 376-key Wyndham Anaheim Garden Grove’s new owner plans to extensively renovate and reposition the asset under the Delta by Marriott flag.
Phoenix-Area Office Building Welcomes 30 KSF Tenant
GrubHub will open its fourth location, in Chander. San Tan Tech Center was constructed in 1981 and underwent renovations less than a decade ago.
Transwestern Hires Phoenix SVPs
Mark Stratz and Scott Baumgarten worked together at Cushman & Wakefield and have a combined track record of almost three decades.
JLL Brokers Sale of 107 KSF Studio Campus
Gaw Capital Partners has acquired the 107,875-square-foot asset in the Atwater Village of Los Angeles. JLL worked on behalf of the seller in the transaction.
Blue Vista JV Snags Phoenix Office Campus
The joint venture between Everest Holdings and Blue Vista Capital Management acquired the two-building asset completed in 2001 for $23.6 million.