West
DLA Piper Renews 119 KSF at University Circle
The company finalized its lease with Columbia Property Trust to retain its occupancy at the East Palo Alto location through June 2023. This renewal will keep the office campus nearly 100 percent leased.
Kennedy Wilson Names New President
Since 2010, Ed Sachse served as executive managing director of the firm’s brokerage operations, leading a national team of agents.
Lionsgate Entertainment Signs 60 KSF LA Lease
JLL negotiated the lease for 60,166 square feet of space at the 200,000-square-foot Santa Monica Gateway, where Lionsgate will house its newly acquired STARZ.
Brandon Wang Joins Lincoln Property Company as EVP
Wang has extensive experience in Northern California real estate and he will manage the company’s West unit. He will oversee several operations, including purchases, development, asset and property management.
San Diego Office Property Gets New Owner After 60 Years
Kennedy Wilson represented the seller of the leasehold interest in the property and the buyer of the fee interest in the land. The Little Italy asset traded hands for the first time in 63 years.
Demand on the Rise in Phoenix
At midyear, Phoenix’s office inventory totaled 108 million square feet. Transaction volume for the 12 months ending in July totaled $1.2 billion, corresponding to the more than 11 million square feet that changed ownership.
Newport Beach Office Tower Trades for $76M
American Realty Advisors sold 4100 Newport, a 190,400-square-foot office tower in Orange County, Calif., to Olen Properties in a transaction that’s been deemed the area’s largest office sale by price per square foot.
InvenTrust Acquires $115M LA Shopping Center
The 275,000-square-foot River Oaks shopping plaza features tenants such as Target, buybuyBaby, Total Women Gym & Spa, Big 5 Sporting Goods, Sprouts, ULTA and Pier 1 Imports.
Wonderful Spec Project Underway in Central Valley
The 1 million-square-foot building, which will sit within the 1,600-acre Wonderful Industrial Park in Shafter, Calif., is one of only a few developments of its kind in the market.
DivcoWest Adds Office Tower to San Diego Portfolio
The building marks the company’s second purchase in San Diego. DiamondView East Village offers retail and events spaces, in addition to Class A workspaces.