West
Demographic Shifts Pick Up Speed in Orange County
Employment gains, a moderate supply of new development and a high barrier to homeownership have bolstered strong multifamily demand in Orange County, pushing up rents and keeping occupancy over 96 percent.
110 KSF Industrial Asset Trades in Phoenix
SPIRE Real Estate Portfolios, through Nicola Crosby Real Estate, purchased Cabot Business Center in Phoenix. The buyer retained Kidder Mathews as property manager of the industrial/flex asset.
CBRE Expands East Bay Industrial Group
Kevin Hatcher joins as senior vice president of industrial and logistics in Oakland, Calif. He has more than 500 lease and sale transactions in excess of $3 billion under his belt.
Domain Cos. Expands Into SLC With $110M Project
Construction of the pedestrian- and transit-oriented development, designed by KTGY, is anticipated to begin in fall 2018. The development hopes to help revitalize the downtown, bringing 412 mixed-income units, office and retail space.
doTerra Expands Corporate Campus in Utah
The essential oils company continues its growth in Pleasant Grove with a new office building, a medical clinic and an expanded manufacturing facility. Plans also call for the creation of 950 jobs over the next three years.
JV Snags $60M Newport Beach Office Asset
NKF’s Capital Markets team represented the seller, TA Associates, in the disposition of 4400 MacArthur, a nine-story office building located within the master-planned Koll Center Newport.
Sacramento-Area Walmart Central Trades for $40M
Nazareth Enterprises Inc. surpassed the $100 million mark in acquisitions in the third quarter with the purchase of the 139,277-square-foot asset in Folsom, Calif.
KBS Nabs 2 Class A Offices in Oakland City Center
NKF represented the sellers, Rubicon Point Partners and Canyon Partners Real Estate LLC. The assets total 367,357 square feet and are currently 92 percent occupied.
KSL, HCC Purchase Utah Ski Resort
Deer Valley Resort offers more than nine properties in addition to its signature collection of private homes and condos. The transaction is anticipated to close prior to the upcoming 2017 to 2018 ski season.
Creative Office Space Coming to Southwest Portland
Point B is developing a 17,000-square-foot, three-story, mixed-use building, which will replace an old house and a small warehouse. Koble Creative Architecture and Abbasi Design Works designed the project.