West
Law Firm to Relocate to Downtown Phoenix
Cantor Law Group is moving to Renaissance Square. JLL negotiated the 24,233-square-foot lease on behalf of the tenant, while Lee & Associates represented the owners.
Las Vegas Convention Center District Lands Final Approval
The $1.4 billion project will bring 600,000 square feet of new meeting space, while generating approximately 14,000 construction jobs and nearly 7,800 full-time permanent jobs upon completion.
CBRE Secures Loan for Carlsbad Mixed-Use Campus
Mark McGovern, Scott Peterson and Brian Cruz of CBRE negotiated a $16 million loan for the refinancing of a 146,000-square-foot asset in Carlsbad, Calif. Tenants at Carlsbad Commerce Center include Advanced Brain Monitoring, SabreSciences Inc. and GIMDx Inc.
Faris Lee Secures Buyer for OC Mixed-Use Asset
Raintree Evergreen LLC acquired the 14,900-square-foot retail and office property in Dana Point, Calif., for $6.6 million, which represents a 5.5 percent cap rate.
LandCap Plans Mixed-Use Project for San Diego’s Mission Valley
Latitude 33 and Tucker Sadler Architects have received the approval for the development of 319 units over two stories of parking and six retail units. The project is slated for completion in mid-2019.
Newmark Secures $68M Financing for Silicon Valley Assets
The recent long-term financing for two office properties and a big-box retail center brings the firm’s debt transaction volume in these submarkets to $157 million in 2017.
NKF Adds LA Managing Director
Alex Bergeson specializes in landlord agency office leasing, tenant representation and investment sales. He joins from CBRE, where he managed a 1.5-million-square-foot office portfolio.
CBRE Secures 1031 Exchange Buyer for LA MOB
The 18,984 square-foot property changed hands for $5.4 million and is fully leased on a long-term basis to Avanti Hospitals.
Brookfield Acquires $440M Interest in Downtown LA Asset
The California Market Center is home to fashion industry showrooms, creative office spaces, event venues, fitness studios and beauty salons. the property was the first wholesale fashion showroom to open its doors on the West Coast.
Amazon to Open First Oregon Facility
The retailer will invest $178.4 million in an 855,000-square-foot fulfilment center in eastern Hillsborough County. The facility will create more than 1,500 full-time jobs.