West
ARA Adds New Senior Investment Experts
Meet Albert Pura and Rick Massa, American Realty Advisors’ most recent promotees. The former now acts as the firm’s senior director of investments and will continue to be based in the San Francisco office, while the latter—based in the Chicago office—will focus on the company’s portfolio management.
SOMA Office Building Commands $27M
Situated in a growing tech hub in San Francisco, 945 Bryant Street boasts open floor plates, 15-foot ceilings and plenty of natural light. The transaction is Bridgeton Holdings’ fifth in the city and second this year.
Kidder Mathews Makes New Hires
Sean McNamara has joined Kidder Mathews’ Portland, Ore., office, where he will specialize in sales and leasing of industrial properties.
SoCal MOB Lands $25M Loan
The approximately 40,000-square-foot asset was subject to a fixed-rate construction loan. Keystone Mortgage Corporation will oversee financing.
Transwestern JV Buys Seattle-Area Office Park
Equity Office Properties Trust sold Redmond Hilltop, a 178,769-square-foot office campus in Redmond, Wash., to a joint venture between Transwestern and Diversified International Partners.
Sonnenblick-Eichner Closes Seattle Hotel Sale
The company worked on behalf of the seller, to close the sale of Hampton Inn Southcenter, a 153-key property in Tukwila, Wash.
Moonwater Capital Snags Las Vegas Office Campus
SK+G Lab sold New Spanish Ridge, a 114,000-square-foot office park in Las Vegas to Moonwater Capital. At the time of sale, the asset was approximately 80 percent occupied.
ShopOne Enters CA Retail Market
The company acquired McKinley Crossroads, a 202,134-square-foot retail center in Corona, Calif. Plans include the renovation of the center.
Inland Empire Retail Center Sells for $32M
Cushman & Wakefield brokered the sale of Upland Town Square, a 100,350-square-foot retail center. The property was approximately 88 percent leased at the time of the acquisition.
IKEA Leases 1.7 MSF in TX, CA
The Swedish furniture retailer leased two distribution centers in Baytown, Texas, and American Canyon, Calif. Each project will create around 200 jobs.