West
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.
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.