West
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.
CBRE Taps Central Valley Industrial Senior VP
Bringing 28 years of industry experience, Robert Taylor focuses on facility optimization, supply chain logistics and solutions analysis, incentives, warehouse/distribution and capital markets within this submarket.
Eli Lilly Completes $90M Biotech Expansion in San Diego
The expansion more than doubles the firm’s existing Biotechnology Center, as part of the company’s $850 million U.S. capital investment for 2017.
Hudson Pacific to Transform Santa Monica Office Asset
Hudson Pacific Properties is set to reposition a three-story, 44,000-square-foot office building in Santa Monica, Calif. The company plans to invest up to $1.4 million in interior/exterior upgrades.
JCR Capital Expands Denver Team
The company added Mark Fallon as director of business development. He brings more than 30 years of experience in business development and client acquisition.