West
Salt Lake City Demand Outpaces Insufficient Supply
Driven by robust population growth and low unemployment, Utah’s largest city is rapidly expanding, generating healthy housing demand, according to Yardi Matrix.
Panoche Valley Solar Project to be Downsized
Through a settlement with California environmentalist groups, nearly half of the solar development’s capacity will move to the Imperial Valley as a measure to protect the Panoche valley’s endangered species.
LBG, Aviva Nab Mammoth CA Shopping Mall
The JV aims to implement an entirely new merchandising strategy for the asset as well as extensive rebranding and redevelopment. The property sits on nearly 77 acres of land and offers views of the San Francisco Bay.
Olive Hill Receives Creative Office Financing in LA
The $41 million loan was arranged by Newmark Realty Capital Inc. The LA-based firm acquired the property for $65.6 million last year with plans of upgrading it.
Anchor Health Buys San Diego Hospital Campus MOB
The company purchased the 82,024-square-foot asset in the suburb of La Mesa, Calif., free and clear of existing debt from The Abbey Co.
Parallel Capital Brings New Tenants to Phoenix Office Tower
One of the most notable new tenants at One North Central is Quicken Loans, which will occupy six of the building’s 20 floors. Live Nation, Coleman & Finch and Urban Eye Care ink the other three leases.
Pioneer Building in San Francisco Changes Hands
American Realty Advisors acquired the 37,000-square-foot office building from Bridgeton Holdings. At the time of sale, the asset was fully leased to Musk Industries.
Small Balance Loan Breakdown with Hunt Mortgage’s Matthew Frank
The vice president of Hunt Mortgage’s Small Balance Loan Group explains how the Freddie Mac program can meet and adapt to the various needs of the borrower despite the tight lending environment.
HFF Brokers Denver Retail Center Sale
Originally built as a grocery-anchored center in 1984, the 163,412-square-foot retail center is home to a variety of tenants including Vasa Fitness, a UPS Store and Arc Thrift.
Colorado Office Center Finds New Owner
The Church Ranch Office Center in the Denver submarket of Westminster was purchased by a private equity firm. HFF marketed the property on behalf of a special servicer.