West
KeyBank Arranges $13M Loan for Self-Storage Portfolio in CO, MI
The portfolio includes three Mini U Storage assets, totaling 185,172 square feet, located in Denver, Livonia, Mich. and Highlands Ranch, Colo.
Terreno Snags $38M CA Industrial Asset
The property comprises two distribution facilities located in Gardena that total 231,000 square feet. The estimated stabilized cap rate is approximately 4 percent.
DHC Snags San Jose Holiday Inn Hotel
The new owner plans to complete a $15 million renovation of the Holiday Inn San Jose-Silicon Valley, a 354-key hotel located about one mile from San Jose International Airport.
Office-Industrial AZ Portfolio Lands $86M
Working on behalf of Globe Corp., Walker & Dunlop structured three long-term, fixed-rate loans for four properties in Phoenix, Scottsdale and Tempe, Ariz.
Sacramento Nabs Largest On-Airport Solar Facility in CA
With capital investment from NRG Energy, the project is expected to provide nearly one-third of the city’s airport with electricity, cutting energy costs by $850,000 per year.
Cress Capital Buys $25M Denver Office
Union Tower is situated in a highly amenitized neighborhood. Before being sold, its previous owner, TA Realty, initiated a renovation plan, which the new owner will resume.
LA Office Building Sells Online for $17M
The sale of the building, located in the city’s Century City neighborhood, was handled from start to finish using Ten-X’s Offer Select tool.
HSF Closes $55M Construction Loan for New CA Hyatt
The 150-key property is scheduled to open in early 2019 and will feature a full-service spa and fitness center along with 30,000 square feet of retail.
Hines Signs Chipotle to 152 KSF in Denver
With the 15-year deal in place, the upcoming 671,000-square-foot office development at 1144 15th St. in downtown’s LoDo neighborhood is now more than 65 percent pre-leased.
Crestone Partners Buys Denver Office Tower
HFF arranged $70.7 million in financing for the acquisition of Granite Place at Village Center in Greenwood Village, Colo. The company secured the loan through Principal Real Estate Investors.