West
The Inland Empire Expands
Multifamily rent growth in San Bernardino and Riverside counties continued its extremely fast pace over the past year, supported by a healthy job market and moderate inventory expansion, Yardi Matrix data shows.
Caesars Launches $90M Makeover at Flamingo Las Vegas
By the end of 2017, more than half of the company’s guestrooms in Las Vegas will have been upgraded. The renovation is expected to be complete during the second quarter of 2018.
Home2 Suites by Hilton Debuts in The Golden State
The latest addition to Hilton’s All Suites portfolio is the 108-key Home2 Suites by Hilton Livermore, the brand’s first property in the California.
Lincoln Lands $6B Transit Center Management Assignment in SF
The company will lead a team with extensive experience in leasing, curating public spaces, marketing and branding, including Colliers, Biederman Redevelopment Venture and Pearl Media.
Facebook Seattle HQ Commands $286M
Tristar Capital and RFR Holding have partnered to acquire Dexter Station, a 10-story, Class A office building in the city’s South Lake Union neighborhood.
Steady San Diego
Rents were up 4.8 percent in the year ending in March, continuing to outperform the national average, Yardi Matrix data shows. And at 96.8 percent, the metro’s occupancy rate is one of the highest in the country.
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.