West
Apple Hospitality Acquires Two Marriot Hotels
Purchased for $81 million, both Residence Inn assets feature a total of 315 keys. The transaction brings the company’s portfolio to 238 hotels, with more than 30,000 keys.
San Diego Luxury Hotel Lands $85M Bridge Financing
Located in the city’s historic Gaslamp Quarter, the 317-key property is close to the San Diego Convention Center and Petco Park.
LA-Area Retail Center Sells for $38M
Weingarten Realty sold the 92,000-square-foot retail asset. More than half of its tenants are entering their 22nd year of contract. NKF represented the seller.
Stockdale Secures New Lease at Scottsdale Galleria
Indeed Inc. is expanding its Phoenix-area footprint, having signed for 53,000 square feet at the LEED-certified office property. The building recently underwent a $7 million renovation.
Grandbridge Secures $65M Hotel Refi
The permanent, fixed-rate loan was funded through one of Groundbridge’s insurance company correspondents. The hotel is in close proximity to the Boulder Municipal Airport.
HFF Brokers Suburban LA Shopping Center Sale
Located in Burbank, the 165,500-square-foot Plaza Del Sol’s unique mix of property types, full tenant roster and desirable ethnic grocery anchor proved a strong draw for investors.
Dermody Snags Seattle-Area Industrial Complex
The firm acquired the three-building property as well as 18 acres on which an additional warehouse will be built. Meridian Campus Corporate Park’s location is considered ideal for expedient distribution to the Northwest’s major population centers.
Rising Sea Level and RE: How Serious Is its Impact on CA’s Coastline?
Drawing on a full-service land use and real estate development practice, Cox, Castle & Nicholson Partner Stanley Lamport talked to CPE about the impact of accelerated sea level rise and global warming on California’s real estate industry.
Savills Studley Inks New Office Lease
The commercial real estate services firm moved just up the street from its current location in downtown Denver, taking 8,500 square feet at 1125 17th St., a Class A tower co-owned and managed by Hines.
Harbor, Goldman Sachs Close Denver Off-Market Transaction
The deal represents the ninth value-add office acquisition for Harbor in the last two years and is the firm’s first building in the Denver market.