West
CapRock Buys Phoenix Facility for $8M
The company acquired an industrial property in an off-market transaction, with plans to transition the asset to Class A standards.
Investor Interest Fuels Bay Area
Demand for office space is as strong as ever, prompting developers to roll out a steady stream of new product. The market’s total inventory encompasses 174 million square feet, with an additional 11 million square feet expected to come online by the end of 2017.
Meridian Names Andrew Hoover as VP in SoCal
Andrew Hoover has 19 years of experience in health-care real estate. In his new role, he will be responsible for business development and asset management for the company’s medical industry clients.
JLL Brings Phoenix Center to Full Occupancy
The strip center known as Hurley Plaza is 100 percent leased, with four new businesses joining the tenant roster in a high-traffic area.
TCN Worldwide Appoints Timothy Mitchell to Board
Mitchell brings more than 30 years of experience in the industry. Previously, he served as senior vice president at Harsch Investment Properties LLC for more than a decade.
NewMark Merrill Secures $62M Refi for CO Retail Asset
After a five-year redevelopment process, the shopping center opened and was more than 90 percent leased. The property is leased to approximately 40 retailers.
San Diego: Steady Southern California
The metro is an established life science cluster and continues to attract both tech and science tenants. The office inventory encompasses more than 72 million square feet, with a relatively balanced distribution between Class A and Class B space.
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.