West
Portland’s Tallest Office Tower Changes Hands
Starwood Capital Group has extensive renovation plans for Wells Fargo Center to bring it back to its former status as one of the most iconic Class A office towers in Portland. CBRE and Kidder Mathews will lease the tower.
East Bay Industrial Business Park Changes Hands
Alex. Brown Realty Inc. together with CIP Real Estate have acquired Eden Landing in Hayward, Calif. The joint venture plans to invest $2 million in capital improvements.
Sonnenblick-Eichner Arranges $35M Financing for SoCal Hotels
Comprising 378 guestrooms, the three-asset portfolio was subject to 10-year, fixed-rate loans. Vista Investments previously completed renovations at the properties.
Lee & Associates Principal Receives SIOR Designation
McDougall has completed over 400 transactions in the Phoenix area, valued in excess of $100 million. He has over a decade of experience.
Sunstone Refinances $220M Loan for Hilton SD Bayfront
The interest-only loan offers a three-year initial term and three one-year extension options. The loan replaces the original, which was scheduled to end in August 2019 and had a higher interest rate.
Hilton Opens Dual-Branded Hotel in Tempe, AZ
The 228-key property is situated along Route 101, close to the Arizona State University Research Park, which hosts companies such as Amazon, Digital Realty and GoDaddy.
NFR Sells $40M Portland-Area Office Building
The sale marks the final transaction and investment exit of a 3.6 million-square-foot portfolio comprising 41 office and retail buildings located across nine states.
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.