West
LA’s The Line Hotel Lands $93M Refi
Natixis has arranged the floating-rate financing for The Yucaipa Cos., owner of the 384-key lifestyle hotel in Los Angeles.
MGM Resorts International Awarded Four Green Globe Certifications
The award, the highest assessment given by GBI, was bestowed upon a portfolio of 26 retrofit buildings in Las Vegas, which encompass more than 45 million square feet of hospitality space.
Mammoth 1 MSF San Jose Office Project in Talks
TMG-VOP Julian LLC, a joint venture between TMG Partners and Valley Oak Partners LLC, has submitted a preliminary review application to the City of San Jose for the development of three six-story buildings.
Tustin Corporate Center Changes Hands
Harbor Associates acquired the 43,517-square-foot office building from The Bascom Group. The new owner plans to reposition Tustin Corporate through a rebranding and renovation program.
Hines Nabs Sacramento Office Tower in $120M Deal
The transaction included not just the Kaplan McLaughlin Diaz-designed downtown building, but the attached 800-space parking structure and the 350-space parking facility as well.
Albuquerque: On the Mend
Despite being the hub of New Mexico’s technology corridor, the metro has only experienced modest population and employment growth throughout the recent economic expansion, Yardi Matrix data shows.
Belay Investment JV Bets $70M on Portland
Belay Investment Group and L&L Investment Partners plan to purchase and reposition Portland office, multifamily and mixed-use properties. As its first investment, the JV acquired an asset comprising two 1940s-era warehouses in the city’s Guild’s Lake submarket.
NorthMarq Capital Buys SLC Mortgage Banking Firm
The Utah-based Western Capital Realty Advisors has completed more than $4 billion in commercial real estate debt and equity transactions. This acquisition marks NorthMarq’s 37th office.
Homewood Suites Comes to San Diego’s Hotel Circle
Developed and owned by T2 Hospitality, the property brings 245 suites with fully equipped kitchens to Mission Valley and is managed by Evolution Hospitality.
SFO Grand Hyatt Hotel Takes Off
Construction has begun on the 351-key on-airport luxury hotel. The $237 million project is slated for completion in July 2019.