West
Upcoming $4B Resorts World Las Vegas Taps President
Edward Farrell who has more than 30 years of experience in the casino industry will oversee all developed activity on the Las Vegas Strip site that is expected to open in 2020.
$325M San Diego Mixed-Use Project Underway
A joint venture affiliated with Hammer Ventures recently acquired a former post office property in the city’s Point Loma/Midway district, which it plans to develop into a mixed-use project tentatively called The Point.
San Jose Office Building Trades for $82M
The 155,000-square-foot facility changed ownership for the third time in two years. The previous owners acquired the property half a year ago.
Biggins Lacy Expands to Bay Area
Biggins Lacy Shapiro & Co. has opened its first West Coast office in Walnut Creek, Calif. Andy Shapiro will manage the new branch, located in the first building of Treat Towers.
LAX Office Tower Trades
The new owner plans to reposition the asset, with changes including a complete rebranding, cosmetic exterior upgrades, and a full renovation of the lobby and entrance.
Seattle Lands $670M Mixed-Use Project
Oakpointe Communities and Presidio Residential have received approval for the development of LakePointe Urban Village, a 214-acre master-planned community in Covington, Wash.
Rees Properties Acquires Redwood City Office Asset for $32M
HFF marketed the sale on behalf of Griffin Capital, who acquired the property in 2007 for $24 million from DPR Construction. The sale of 1450 Veterans Blvd. was subject to a $17.9 million loan held by Northern Trust.
MCA Realty to Develop 140 KSF Industrial Facility
With completion scheduled for the end of the year, MCA Realty is set to break ground on the new industrial development this month. CBRE and Lee & Associates represented MCA in the acquisition of an 8-acre parcel in Temecula, Calif., for the project.
Master Plan Set for City Market of LA
The 10-acre site will include buildings ranging from three to 38 stories, offering 945 residential units, 210 hotel rooms, 225,000 square feet of retail, a restaurant, entertainment space and 312,000 square feet of educational facilities.
Cleveland Clinic, Rendina JV Breaks Ground on Coral Springs Facility
The two entities will develop the 72,000-square-foot Family Health Center in a joint venture. The facility is expected to open next year.