West
Stos Partners Buys Rare San Diego Industrial Asset
The two-building complex is situated in Chula Vista, Calif., a submarket which is benefitting from exceptionally tight vacancy in neighboring National City.
Tech Scene Stays Hot, Rent Growth Cools in San Jose
Rent growth has been decelerating since it reached double-digit levels in 2015. As of May, the metro’s $2,675 average rent was more than double the national average of $1,316, according to Yardi Matrix.
SF Amazon Building Lands $15M Refi
HFF placed a 10-year loan with Principal Commercial Capital on behalf of The S.Hekemian Group. The 40,000-square-foot industrial asset is part of a $50 million project underway.
Hotel Chaco: Old World Charm and Modern Amenities
The 118-key hotel, located adjacent to sister property Hotel Albuquerque at Old Town, features Native American art throughout the property as well as day trips to its namesake national monument.
2-10 Home Buyers Warranty Moves HQ
The 74,000-square-foot office building is located in Aurora and has been recently renovated to host the company’s 350 employees.
St. John Properties Breaks Ground on SLC Campus
The company is investing $250 million in the development of Valley Grove, a 62-acre master-planned community in Pleasant Grove City, Utah.
JV Acquires $27M Industrial Building in CA
Colony Northstar sold Monarch Industrial, a warehouse facility in Garden Grove, Calif. The property is fully leased to four tenants.
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.