West
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.
Trammell to Develop 329 KSF Facility in Phoenix
The joint venture will donate 1.5 acres of land to Veterans of Foreign Wars, a nonprofit organization, which will build a new headquarters along Van Buren Street.
Avison Young Taps New Denver Principal
David Tilton has more than 35 years of commercial real estate experience. He joins the company from Newmark Knight Frank.
Rexford Industrial Increases SoCal Footprint
The four fully-leased properties, spread across the Inland Empire, Orange County and metro Los Angeles, total more than 400,000 square feet.