West
Evocative Inks Lease for 42 KSF LA Data Centers
The company joins the tenant roster at West 7 Center, a nine-story data center facility in downtown Los Angeles. Rising Realty Partners signed Evocative to a long-term lease for 42,000 square feet, which will house the company’s first data centers in L.A.
Dual-Branded Marriott Hotel Debuts in Denver
White Lodging Services Corp. own and manage the 272-key Le Meridien and the 223-key AC Hotel by Marriott, located in the city’s business district.
Creative Office Sells for $31M in Santa Monica, CA
The Class A+ property traded for one of the highest prices per square foot ever recorded outside of New York City. The deal reflects the increasingly competitive commercial market in Santa Monica, Calif.
NKF Brokers Sale of South LA Office Building
Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. The asset is fully leased to Unify Financial Credit Union.
Stream Expands Property Management Portfolio
Stream Realty Partners’ Mike Adams and Blaine Annett will lead leasing efforts at 199 South Los Robles in Pasadena, Calif. Jennifer Costa and Tania Chavez will be in charge of managing the property on behalf of the owner.
Meridian Buys AZ Medical Center for $5M
The historic Lois Grunow Memorial Clinic in Phoenix traded for $5 million in a deal brokered by Avison Young. Meridian plans to re-tenant the property and make it ADA-compliant.
Introducing Irvine’s Tallest Office Tower Yet
Developed in less than two years, 400 Spectrum Center overlooks Orange County from 323 feet in the air—just a few inches more than its sister building, 200 Spectrum Center.
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.