West
George Smith Adds 2 VPs
Allison Weiss will oversee recruitment nationwide, while Dana Light will focus on researching responsible lenders and lending programs, as well as event management.
Rents Rise Despite Surging Deliveries in Denver
Growth has cooled since the metro was among the nation’s leaders in appreciation, but rents are now increasing at a more sustainable pace.
Carlyle Group Snags $85M for San Jose Campus
The company has secured the five-year, floating-rate loan to refinance 4300 and 4400 North First St., two Class A office buildings situated in the Innovation Triangle submarket of Silicon Valley.
Dominguez Sells LA Office-Medical Asset for $49M
Newmark Knight Frank represented the company in the disposition of Madrona Business Campus, a 211,400-square-foot property in Torrance, Calif.
Hanley Arranges $22M Inland Empire Retail Sale
The 62,952-square-foot newly remodeled regional shopping center in Riverside, Calif., was 98 percent occupied at the time of the sale. Only eight shopping centers in the Inland Empire changed hands for more than $20 million in the past 12 months.
Meridian Nabs Bay Area 175 KSF Office
The firm plans to reposition the property and bring upgrades to the building systems, roof and common areas. Transwestern will be handling leasing efforts.
Drawbridge Snags Orange County R&D Asset
Cushman & Wakefield’s Capital Markets team represented the seller, Baring Real Estate Advisers, in the transaction. The building has served as Panasonic Avionics’ headquarters since 2000.
San Francisco Union Square Asset Trades for $69M
The seven-story property located in the Union Square district of San Francisco houses retail tenants on the first and second floors and multiple office tenants on the remaining floors.
Home Depot-Anchored Retail Center Trades in Phoenix
PASSCO Cos. sold the Laveen Village Marketplace to Litwin Management. The 56,747-square-foot asset sits within the Phoenix-Mesa-Scottsdale Metropolitan Statistical Area.
LA-Area MOB Lands $51M Refi
Capital One secured the loan on behalf of TriStar Realty Group. The 120,000-square-foot asset is the first new medical office building to open in the area within the last 20 years.