West
NoHo Office Asset Lands $68M in Financing
Developed in 2009 by J.H. Snyder Co., Lankershim Plaza is a nine-story, LEED Gold-certified building with an adjacent six-story, 723-space parking garage.
Matthews Brokers Sale of OC La-Z-Boy
The nearly 20,000-square-foot, single-tenant retail asset was sold at the full asking price to a buyer involved in a 1031 exchange.
Greater-LA Office Building Commands $117M
Olive Hill Group is the new owner of 520 Broadway, a rare Class A asset situated in an extremely supply-constrained area of downtown Santa Monica, where demand and rents will continue to rise over the next several years.
Lionstone Secures $57M Refi for Santa Monica Assets
HFF arranged a 15-year, fixed-rate refinancing and floating-rate loan through Principal Real Estate Investors, for two mixed-use and two office assets in Santa Monica.
AEI Guides LBG on San Fran-Area Mall Revamp
The consulting firm provided LBG Real Estate with assessments of The Hilltop Mall in Richmond, Calif., before the company’s purchase of the 1.1 million-square-foot property, and is staying on to help guide the shopping center’s redevelopment.
Terreno Nabs 8 CA Industrial Buildings for $28M
The 152,000-square-foot industrial property, containing both distribution and flex buildings, sits near Interstate 105, within 15 miles of downtown Los Angeles.
C&W Arranges Sale of AZ Retail Center
Sarofim Realty Advisors acquired The Plant, a nearly 57,000-square-foot shopping center in suburban Phoenix, from Common Bond Development Group. The property changed hands for $25.8 million.
Bixby Acquires Phoenix Industrial Facility for $10M
Built in 1998, West 10 Business Center is fully-leased to three tenants. The distribution facility is located at 4703 W. Brill St., with direct frontage along Interstate 10.
What’s Next for the New HVCRE Rules?
Alston & Bird Partner Gregg Loubier discusses two initiatives proposed to simplify and clarify the real estate lending process, both of which lenders and federal regulators hope to resolve in 2018.
CIM Group Acquires Uber’s Uptown Station in Oakland, CA
The buyer will continue redeveloping the former department store into a 356,000-square-foot Class A creative office and retail property, with the building expected to open by the end of 2018.