West
Olive Hill to Redevelop Silicon Beach Office Campus
The redevelopment program will focus on creating new amenities, such as a new gym, a food truck loading zone and a bocce ball court. Olive Hill Group will also rebrand the two-building asset.
Best Western Brand Tapped for Stratosphere, Aquarius Resorts
American Casino and Entertainment Properties chose Best Western’s BW Premier collection for the properties, which include Las Vegas’ tallest structure and a 1,906-key resort in Laughlin, Nev.
CBRE Bolsters East Bay Office Leasing Practice
Office veterans Trent Holsman and Scott Greenwood have joined the firm’s Oakland office from Colliers International as senior vice presidents in advisory and transaction services.
ULI Announces New Global Chairman
Toomey has been a longtime ULI member, trustee and Foundation governor and will serve a two-year term ending in 2019.
Friedman, Forest City Sign Retail Lease at Central Park Station
Sprouts Farmer’s Market is set to open in the fall of 2018. The mammoth transit-oriented development will also include office space, a multifamily community, mixed-income condominiums and 60,000 square feet of retail space.
LA: Affordable Housing Wanted
Continued improvement in the area’s job market and a steady household creation maintain rent growth in contrast to the nationwide cooling trend, Yardi Matrix data shows.
Easterly Government Closes $128M Medical Financing
The 10-year non-amortizing loan is for the Department of Veterans Affairs Ambulatory Care Facility, located in Loma Linda, Calif. The asset was recently acquired by Easterly Government Properties.
George Lucas Museum Gets Green Light
Designed by MAD Architects, the Lucas Museum of Narrative Art will feature an estimated 100,000 square feet of gallery space. The landmark will house a collection illustration, photography, film, animation and digital art.
JV Acquires Historic LA Office Building
This transaction marks the second Los Angeles acquisition for Arc Capital Partners and Belay Investment Group. Bestor Architects and The Assembly Group will handle the building’s repositioning.
Stream Sells Santa Ana Office Asset
The buyer, Gold Acceptance, will occupy a portion of the 24,737-square-foot building. The two-story property, originally constructed in 1977, was renovated in 2016.