West
Palm Springs Retail Center Changes Ownership
A Los Angeles-based private investor sold Palm Canyon Shopping Center, a 40,000-square-foot retail asset in Palm Springs, Calif. Faris Lee Investments represented both the seller and the buyer.
Home2 Suites by Hilton Azusa Opens
Fine Hospitality manages the 110-key property owned by Amazing Investment LLC, which compliments the booming tourism industry in Los Angeles County.
Rexford Snags LA-Area Industrial Property
The newly constructed building features four units and is fully leased to two tenants. The company purchased the property using its line of credit.
UNLV, Gardner Carry Forward Tech Park Development
The Harry Reid Research and Technology Park will spread over 122 acres of land and will encompass 12 office buildings comprising more than 1.5 million square feet of commercial office space.
OpenSquare Inks 5-Year Lease at 75 KSF Seattle Warehouse
Acquired by Westcore Properties last year, the 75,048-square-foot warehouse is situated near the Port of Seattle. Kidder Mathews worked on behalf of the workplace solutions provider.
Barry Slatt Appoints San Diego SVP
Bringing more than 20 years of industry experience, Thomas Cohen specializes in the placement of debt and the procurement of equity for commercial real estate projects nationwide.
CIM Group Closes LA Hotel Sale
The sale comes after the recent disposition of the adjacent 8500 Sunset residential complex.
Starwood Capital Nabs West Hollywood Hotel
The new 286-key property will ultimately be renamed 1 West Hollywood and become the fourth property in the chain’s award-winning, eco-conscious, luxury sustainable brand.
Rents Moderate in the Bay Area
Just one year after double-digit increases had bumped the average to $2,480—among the highest in the country—the rate decreased by 0.5 percent year-over-year through May.
InfiniPower Lands $54M for Upcoming Silicon Valley Marriott
CBRE secured construction financing for the development of a 147-key Marriott Residence Inn and a 114-key Fairfield Inn & Suites in North San Jose. InfiniPower Hospitality plans to develop the property on a vacant 6.7-acre site purchased in 2006.