West
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.
CBRE Arranges Sale of OC Industrial Asset
Makena Properties acquired the 81,836-square-foot property in Anaheim, Calif., for approximately $12.2 million. The building is fully leased to a dancewear retailer.
Bay Area Office Asset Changes Hands
Robert Wheatley Properties paid $15.5 million for a two-story, 18,353-square-foot office building in Menlo Park, Calif. CBRE arranged the transaction on behalf of the seller, Oak Grove Associates.
WPT Industrial Goes on $96M Shopping Spree
The REIT has agreed to acquire two distribution centers in Oregon and Texas. Combined, the properties offer more than 903,000 square feet of gross leasable space.