West
Stan Johnson Opens New CA Office
Stan Johnson Co.’s new branch is located in Newport Beach, Calif., and is the firm’s tenth office. Brett Butler, Myles Helm and Tyler Wollmershauser will be in charge of the new location.
Cush & Wake Brokers San Diego Industrial Sale
A Lincoln Property Co. entity nabbed the asset for $11.5 million. The single-tenant property is located in the tight Morena industrial submarket, which has a vacancy rate nearly half the county rate.
HSF Secures $42M for 2 Bay Area Cambria Suites
Stratus Development Partners is planning to begin construction on the two properties in Sonoma County and Napa Valley in September.
Litigation Firm Extends Lease in Orange County
Callahan & Blaine signed a lease extension for its office at 3 Hutton Centre in Santa Ana, Calif. Chon Kantikovit, managing director with Cushman & Wakefield’s Irvine office, represented the tenant.
Presidio Lands $62M Bridge Loan for Napa Valley Hotel
CBRE Hotels’ debt and structured finance team secured five-year financing for the resort, which opened this summer after renovation of an historic property and construction of six new buildings.
OC Corporate Campus Trades for $443M
The acquisition was financed with more than $100 million in cash and $339 million in loans. The complex consists of planned research-and-development and office space spread across four buildings.
CBRE Closes Sale of 128 KSF San Diego Industrial Park
A 1031-exchange buyer paid $18 million to acquire Southrail Business Park in Chula Vista, Calif., from Focus Real Estate LP.
JV Sells 175 KSF Portland Asset
A real estate fund managed by Credit Suisse Asset Management acquired the former Oregonian Building in Portland, Ore. The previous owners recently renovated and restored the facility as part of a multi-million dollar program.
HFF Closes LAX Doubletree Sale and Financing
Umbrella Hotel Group purchased the 216-key hotel in El Segundo, Calif. HFF marketed the property on behalf of the seller and secured a mezzanine loan for the buyer.
Citrine Advisors Acquires Historic Portland Office Building
New Urban Properties sold a 27,500-square-foot property in Portland’s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.