West
Phoenix Industrial Portfolio Trades for $12M
Lee & Associates brokered the sale of seven industrial assets totaling 95,000 square feet. The portfolio is fully leased to Horizon Distributors Inc. for five years.
Southern Land Opens First Denver Office
Director of acquisitions Alex Woodin will be in charge of the new location and will relocate from the firm’s Nashville, Tenn., headquarters. Southern Land’s new branch is operating out of WeWork.
Portland Historic Office Buildings Change Hands
NBP Capital acquired the Blagen Block and the New Market Theater in Portland’s CBD. The two buildings are among the few remaining Victorian Italianate buildings in the city.
Vista Investment Enters Portland Market
The company purchased the 171,828-square-foot Nimbus Oaks flex/business park, located in Beaverton, Ore., a growing submarket of Portland.
George Smith Partners Continues Team Expansion
Alina Mardesich, the new senior vice president, will serve as an intermediary between capital sources and property owners, sponsors and developers.
Aerospace Manufacturer Inks 103 KSF Lease in Arizona
The deal is the latest in tech manufacturing companies expanding in metro Phoenix and infill locations and broadens Modern Industries’ reach in the area.
Valencia Gateway V Ready for Lease
Gateway V totals 255,000 square feet and is part of a large industrial master-planned project. The property offers easy access to Interstate 5.
Boston Properties Adds New VP in LA
Jonathan Lange joined the real estate investment trust as vice president of the Los Angeles region. Previosuly, he served as vice president of capital markets at JLL.
JLL Secures 133 KSF Portland Office Sale
In a three-part transaction, JLL arranged the sale of 1417 NW Everett, on behalf of the tenant, Deutsche Asset Management. The owner, Gerding Edlen, initially purchased the property in 2007.
Historic San Francisco Office Asset Earns LEED Platinum
The Mills Building is believed to be the oldest commercially owned, multi-tenant building in the Bay Area to be awarded the USGBC’s highest certification.