West
CBRE Secures Financing for Cupertino Office Building
Harbor Group International LLC is set to acquire an 88,580-square-foot asset in the heart of Cupertino, Calif. CBRE’s Shawn Rosenthal secured a ten-year interest-only loan provided by JP Morgan.
W Hotels to Open First US Alpine Resort
Sky Hotel will be transformed into W Aspen, an 88-key property featuring six suites and 11 branded residences. The redevelopment marks the brand’s first alpine destination resort.
Forest City Launches 4 MSF Denver Mixed-Use Development
Newmark Knight Frank will handle marketing and leasing of the first phase, which will include a 190,000-square-foot Class A office building, a 300-unit multifamily community, a 120-unit condominium project and 60,000 square feet of retail space.
BlueVolt Relocates Portland HQ
BlueVolt, an e-learning solutions company, has leased more than 9,000 square feet on the fourth floor of the Marquam Building. The firm is set to expand its team with several new hires.
NoCal Medical Park Trades in 1031 Exchange
Sinogap LLC has exchanged a Silicon Valley redevelopment site for a 21,008-square-foot multi-tenant medical dental office park in Milpitas, Calif., and an apartment community in San Jose, Calif.
Lee & Associates Arranges Sale of Van Nuys Film Studio
Esh Holder acquired the property for around $8.8 million in the tight Van Nuys submarket, which has an industrial vacancy rate below 1 percent.
$30M Dignity Health MOB Underway in Sacramento
Panattoni Development Co. is developing a 68,000-square-foot health facility in Citrus Heights, Calif. The project is slated for completion by spring 2019.
West Elm’s First West Coast Hotel to Open by 2020
The retailer’s hospitality venture with DDK will develop a mixed-use property in Oakland in partnership with Signature Development Group and Jordan Real Estate Investments. The Oakland property marks the sixth market for West Elm Hotels.
Downtown San Jose Revival: From Historic YMCA Building to Hotel
RSTP Investments LLC opened Hotel Clariana after two years of interior renovations and plans further expansion of the historic property. The owners kept the facade, but transformed the interior.
Life Storage Acquires 3-State, 18-Asset Portfolio
The investment trust acquired 1.5 million square feet of self-storage space in Arizona, Nevada and Tennessee. Since the beginning of 2017, Life Storage has purchased 25 assets.