West
Piper Jaffray Renews Lease, Relocates to AZ Camelback Esplanade
Lee & Associates brokered the 3,900-square-foot renewal, relocation and expansion for the lessee. CBRE worked on behalf of LBA Realty, the landlord.
Phoenix Industrial Asset Trades for $7M
The 86,000-square-foot distribution building is situated near Interstate-10 and Route 202. Axus Technologies occupies 23,000 square feet at the facility.
Hawaii’s Largest Office-Industrial Park Lands $165M Financing
Working on behalf of AIPA Properties, Sonnenblick-Eichner secured the 15-year, fixed-rate loan for Airport Industrial Park, a 1.3 million-square-foot mixed-use complex in Honolulu.
Pollack Realty Lands $26M for CA Boutique Hotel
HALL Structured Finance secured the first lien construction loan for the Park James Hotel in Menlo Park, Calif. The 61-key boutique hotel is scheduled for completion in May 2018.
MCR Buys 2 Salt Lake City Marriott Hotels
The company has purchased the 97-key Marriott Courtyard Lehi and 94-key Marriott SpringHill Suites Lehi for a combined $27.5 million.
Genera Inks 211 KSF Lease in Fontana, CA
Kidder Mathews and Paladin Partners represented Genera Corp. in the deal. The company has leased Bolger Business Center for 10 years.
Simon Breaks Ground on Denver Premium Outlets
The company has begun work on its 92nd Premium Outlets destination. The property will be the only outlet center serving the north side of Denver.
Digital Realty Extends Silicon Valley Footprint
The company already has 99 MW available in Santa Clara, across 17 facilities. A new one will be added at 3205 Alfred St., with an estimated investment price of $75 million.
Las Vegas 644 KSF Site Changes Hands
Marcus & Millichap represented the seller in the transaction, which hit a record-high price of $18.5 million. The Las Vegas Strip is nearby, as is the planned future home of the NFL’s Las Vegas Raiders.
CBRE to Lease Upcoming SLC Office Building
Westport Capital Partners selected CBRE to oversee the leasing of 60 Park in Sugar House, Utah. The property, scheduled for completion in the summer of 2019, is part of the ongoing Park Avenue mixed-use development project.