West
Adobe Unveils UT, CA Expansion
The tech giant aims to add 5,000 employees and develop a fourth tower in San Jose, a second building in Lehi and lease two additional buildings in San Francisco.
Blackstone Sells Office Portfolio for $101M
JLL’s Capital Markets team advised the company in the transaction, which included three downtown Boulder, Colo., buildings totaling more than 216,000 square feet.
Cohesity Relocating to San Jose
The company leased nearly 40,000 square feet of office space at River Park Tower II in San Jose, Calif. Expected to move in the last quarter of the year, Cohesity will occupy the seventh and eighth floors of the building.
Metrogroup Secures Acquisition Financing for OC Asset
The company landed financing for 46 percent of the purchase price. The buyer recognized the property’s potential for value creation, given the nearby $450 million project underway.
Vista Acquires 82 KSF Mixed-Use Asset in Seattle
The company paid $14.6 million to purchase the property, which is part of the city’s history as Boeing’s first headquarters.
Escondido’s 1st Industrial Project in a Decade Breaks Ground
Badiee Development has commenced construction on Escondido Victory Industrial Park, a 91,000-square-foot project designed by Ware Malcomb and slated for completion in the spring of 2018.
JV Acquires Los Angeles Creative Office Building
Newcastle Partners and Westport Capital Partners formed a joint venture to acquire a 40,000-square-foot asset in Los Angeles’ Jefferson Corridor submarket.
Downtown SLC SpringHill Suites Trades Hands
Marcus & Millichap represented the seller and procured the buyer for the 86-key property, which is one of several Salt Lake City hotels to change hands recently.
Rexford Industrial Takes 3, Sells 1
The $71.5 million buy in the Los-Angeles area and Inland Empire brings the company’s 2017 industrial acquisition volume to more than $282 million.
Westwood Taps Acquisitions SVP After $1.5B Restructuring
Brackenridge brings over 25 years of real estate investment expertise focused on grocery-anchored shopping centers and will oversee the expansion of the company’s retail portfolio.