West
Staples Sells Corporate Office Building in Denver
Elevations Credit Union paid $16.5 million to acquire the property, which is part of the Interlocken Business Park in Broomfield, Colo.
Retail Phase of 210-Acre South Bay Center Underway
Sudberry Properties has purchased 12.5 acres from Stratford Land for the development of Millenia Commons, a 131,800-square-foot lifestyle destination center in Chula Vista, Calif., which will be a part of the master-planned Millenia community.
Matthews Taps SVP, Retail Leasing National Director
Industry veteran Michael Pakravan brings 13 years of leasing experience and will be responsible for rolling out the firm’s retail leasing platform nation-wide.
Ron Harari Launches LA Investment, Development Tova Capital
The company is focused on value-add acquisitions between $5 million and $25 million in Southern California and provides full-cycle development services.
Bay Area Office Campus Changes Hands
PCCP LLC and Align Real Estate formed a joint venture to acquire Walnut Creek Center, a two-building, 236,122-square-foot, Class A office facility. The new owners plan to invest approximately $3 million in capital upgrades.
Hunt Mortgage Expands to Phoenix, Hires New VP
Matthew Frank was named vice president of the company’s Small Balance Loan Group, where he will be responsible for sourcing and closing Freddie Mac small balance loans.
LA-Area Retail Asset Trades for $20M
Marcus & Millichap facilitated the transaction of the 111,830-square-foot Walmart-anchored center in Norwalk on behalf of the seller, Newmark Merill Co.
Avison Young Promotes Veteran to OC Brokerage Director
Keith Kropfl, a 25-year commercial real estate industry veteran specializing in the sale and leasing of retail properties throughout Southern California, will oversee the firm’s Irvine office.
Level 3 to Transform Downtown San Diego Hotel
Narven Enterprises has selected the company to renovate the Holiday Inn Express, a 131-key property. The makeover will include room upgrades and the addition of 13 new guestrooms.
HCP Appoints Scott Brinker as New CIO
Brinker joins the firm from Welltower, where he was CIO since 2014. He also held various investment and portfolio management-related roles at Welltower since July 2001.