West
Hanley Completes Target Shadow-Anchored Retail Sale
The 22,577-square-foot shopping center in Lake Elsinore, Calif., changed hand for $11.6 million. The asset has long-term tenants and was fully occupied at the time of the transaction.
Walnut Creek Office Campus Welcome New Tenants
In the past year, Walnut Creek Executive Park increased its occupancy from 68 to 91 percent. Easterseals Bay Area will relocate from its current Pleasant Hill headquarters in early 2018.
Westwood New Executive VP Leads Expansion
Matt Lougee brings a decade of real estate finance experience and will spearhead the firm’s corporate strategy and finance, supporting its growth.
Petaluma Self Storage Gets $12M Financing
Talonvest Capital Inc. provided funding for the joint venture development of a 830-unit self-storage facility in Petaluma, Calif. The property will include two buildings on a site of roughly 2 acres.
Los Angeles Office Complex Trades for $62M
Majestic Asset Management sold a two-building property in Van Nuys, Calif., to Pacific Reach Properties. At the time of sale, the asset was 99 percent leased.
TCC, Clarion to Develop Greater LA Business Park
The Center at Needham Ranch in Santa Clarita is the first of two development phases of a fully entitled site approved for as much as 4.2 million square feet of Class A industrial space.
MasterControl Moves Corporate HQ to Salt Lake City
The provider of quality and compliance software solutions and services relocated to Old Mill Corporate Center in Cottonwood Heights, Utah. The company occupies the third building of the LEED Gold campus.
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.