West
Santa Ana Office Park Trades for $32.8M
Benchmark Holdings purchased Alton Deere Plaza from TA Associates Realty. At the time of sale, the two-building, 185,245-square-foot property was 96 percent occupied.
NAI Capital Welcomes LA Executive VP
Joseph Gabbaian specializes in sales, acquisitions and leasing of investment, user and redevelopment properties with a special emphasis on West Los Angeles and Santa Monica.
Monday Properties Grabs DC, SoCal Assets
The company made moves on both coasts, acquiring Spectrum Tower in Laguna Hills, Calif., and Beauregard Office Park in Alexandria, Va.
HFF Arranges $29M San Diego MOB Sale
The 44,091-square-foot property is anchored by Fresenius Medical Care and was 92 percent leased at the time of the transaction.
Disneyland-Area Sheraton Lands $21M Financing
Continental Partners has secured a five-year, fixed-rate loan for the 285-key Sheraton Garden Grove-Anaheim South Hotel. The financing will also serve to pay off a mezzanine loan.
Rexford Snags $36M SoCal Industrial Assets
The two fully leased properties are part of the South Bay and Orange County West submarkets, which had vacancy rates of 0.6 percent at the end of the first quarter of 2017.
Oakland 278 KSF Office Tower Changes Hands
In a partnership with KRR’s Real Estate Partners Americas Fund, Harvest Properties acquired a 15-story building in Oakland, Calif. The property is located directly across from Lake Merritt and its adjoining park.
Kilroy Realty Taps CIO
Steve Rosetta will oversee the company’s strategic growth, including acquisition and disposition activities, with a specific focus on the company’s development opportunities and large office and life science transactions.
Century City Office Asset Changes Hands
Harbor Associates shelled out $14.7 million for the property previously occupied by the Spanish Broadcasting System. The new owner plans a comprehensive rebranding and renovation program.
Denver Office Building Trades for $37M
Amstar purchased a seven-story, 131,000-square-foot property in the Cherry Creek submarket of Denver. The company is planning to invest nearly $2 million in various upgrades.