West
Skanska Pours Seattle Tower Foundation
The 2+U development will offer 665,000 square feet of office space, a 24,000-square-foot outdoor urban village and an 18,000-square-foot retail component. The project is slated for completion in 2019.
Xenia Invests $305M in 2 AZ Hotels
The company purchased the 493-key Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch in Scottsdale, Ariz., as well as the 119-key Royal Palms Resort & Spa in Phoenix. Both hotels will continue to be managed by Hyatt.
Plaza Del Norte Buys San Diego-Area Office Asset
Courtyard Mira Mesa sold The Courtyard I in Sorrento Mesa, Calif. The 50,405-square-foot office building was 68 percent occupied at the time of sale.
IMH Lands Historic Sonoma Hotel
The Scottsdale-based group purchased MacArthur Place, a 64-key hotel in California. The new owner intends to upgrade and rebrand the hotel as L’Auberge de Sonoma.
ORION Facilitates Phoenix Retail Center Sale
Paragon Southern Plaza LLC sold the 16,980-square-foot property for $1.8 million. Southern 19 Plaza is located in a strong trade area near a major artery in the city.
Portland Airport Expansion Flies High with Skanska
The international construction firm signed a $151 million contract with the Port of Portland to enlarge and renovate the facility’s Concourse E. The project is part of an overall $1.3 billion, five-year terminal improvement plan for the airport.
Canada REIT Enters CA Market With Office Portfolio Buy
The San Diego portfolio was acquired for $174.5 million and comprises nearly 670,000 square feet of Class A and Class B office space.
9-Building Vegas Portfolio Commands $78M
NKF facilitated the deal of the master planned office campus between Washington Capital Management and a joint venture buying group. The office buildings are situated on over 25 acres and are served by ample on-site parking.
Vista Nabs San Diego Office Tower
The asset is located within the Mission Valley submarket and offers 105,796 square feet of space, out of which 10,000 is designated for retail use.
Phoenix Commerce Center Trades for $14M
Kidder Mathews brokered the sale of a 93,725-square-foot industrial asset known as Pinnacle Peak Commerce Center. The company was retained to manage the property.