West
Caesars Opens Las Vegas Entertainment Studio
The 48,000-square-foot state-of-the-art facility is the first of its kind in Nevada. The state’s recent tax credits bill for the industry is expected to draw more production companies and new development.
YgreneWorks Exceeds $600M in PACE Financing
YgreneWork’s PACE program has helped finance approximately 29,000 completed contracts, the equivalent of $639 million allocated for energy efficiency, renewable generation and water conservation improvements.
Phoenix Self Storage Lands New Owner
The 128,240-square-foot facility offers value-add opportunities, adjacent to a thoroughfare that is part of Phoenix’s $84 million Avenida Rio Salado street improvement project.
CBRE Arranges Long Beach MOB Sale
The 26,293-square-foot property changed hands for $6.5 million and was 91 percent occupied at the time of the transaction by a variety of tenants.
JLL Brokers $18M Sale of Phoenix Industrial Asset
Continued confidence in the local industrial market has prompted Colony Northstar’s acquisition of Phoenix Logistics Center from Overton Moore Properties and PCCP LLC.
Downtown Phoenix Office Building Lands $51M Financing
HFF secured the three-year, floating-rate loan for U.S. Bank Center, a 360,000-square-foot high-rise building. Completed in 1976 and renovated in 2013, the property is 63 percent occupied.
Third Phase of Surf City Pierside Pavilion Underway
Theory R. Properties is gearing up for the addition of a four-story building, which will house high-end retail, an upscale restaurant with a rooftop terrace and office space.
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.