West
CBRE Secures $152M Bay Area Office Refi
The owner has repositioned and modernized Rosewood Commons, taking it from 10 percent leased at purchase to 95 percent leased now.
Phoenix-Area Retail Center Lands $31M in Financing
Meridian Capital Group represented the borrower in securing the three-year, floating-rate loan for the acquisition of a mixed-use retail center located in Peoria.
Venture Corp. Opens MOB in San Jose
The 16-unit development is offered for private ownership with full financing available and leasing. The city has the nation’s highest occupancy rate for this type of asset.
Trinity Investments Adds New VP
The company added Craig Lovett as the new VP at its Honolulu office. He has more than 29 years of design, development, project management and construction experience.
Chandler Industrial Asset Changes Hands
NGKF’s Executive Managing Director Jerry Jacobs and Associate Joe Vale represented the buyer, who paid $2.2 million for the 17,149-square-foot Class A industrial building.
New Co-Working Company Opens Irvine Office
MODI Offices established its first location in a 20,000-square-foot building in Jeffrey Business Park. The company plans to open offices in Los Angeles, Portland, San Diego, as well as abroad in Beijing, Tokyo or Seoul.
NGKF Taps Industrial Managing Director
Danny Williams will oversee industrial landlord and tenant representation in the port-adjacent South Bay Los Angeles submarket.
Passco Nabs Inland Empire Value-Add Retail Center
The company plans to reposition the 102,976-square-foot neighborhood shopping center in Corona, Calif. The retail market has one of the lowest vacancy rates in the regions.
Level 3 to Redevelop Iconic San Diego Building
Upgrades to The Wall, once a 1920s dance hall, will include a custom steel and wood front awning, exposed ceilings, skylights and a green living wall. SBMI Group bought the property last year for $2.8 million.
Jackson Square Office Building Changes Hands in SF
Seth McKinnon and Tyler Meyerdirk of CBRE Capital Markets arranged the sale of the five-story, 15,432-square-foot property in San Francisco. At the time of the transaction, the building was 92 percent leased.