West
SoCal Investment Firm Nabs 2 Las Vegas Industrial Parks
CapRock Partners purchased two multi-tenant industrial parks totaling 203,134 square feet. The newly purchased assets are located less than two miles away from the Las Vegas Strip.
Watson Land Promotes Jeffrey Jennison to CEO
Jennison replaced Bruce Choate, who retired in March after 26 years with the company. In his new role, Jennison will oversee Watson’s portfolio and operations.
Homewood Suites by Hilton Opens Redondo Beach Property
The 184-key hotel is owned by Mogul Capital and managed by Evolution Hospitality. The property is less than five miles from LAX and Redondo Beach Pier.
LA Retail Asset Lands $29M in Financing
HFF represented the borrower in securing the two-year, fixed-rate loan for the acquisition of a 244,000-square-foot retail structure anchored by Macy’s.
Union Investment Snaps Up $154M Denver Asset
The Triangle Building, a 226,000-square-foot, uniquely shaped Class A office property in lower downtown, was 98 percent leased at the time of sale.
Cushman & Wakefield Grows Phoenix Team
Keith Lambeth rejoins the company after having worked with Colliers International and CBRE. The firm also appointed Liz Collins from JLL and Patrick Schrimsher from Cushman & Wakefield’s research department.
BLT Enterprises Buys 72 KSF Industrial Building in San Diego
The firm plans to increase the property’s parking ratio and modernize the asset located in Kearny Mesa. The submarket had the lowest vacancy rate of all Central San Diego’s R&D and industrial submarkets last year.
Honda Breaks Ground on $30M Dealership in South LA
The 210,000-square-foot project is part of a neighbourhood revival which includes other high-profile developments. The company plans to relocate from downtown LA in the summer of 2018.
RiverRock Taps SoCal VP
Shane Flanigan brings nearly 15 years of industry experience to his new role and will oversee all operational activity with a focus on client service and portfolio growth.
F5 Inks Major Lease at Upcoming Seattle Tower
The deal also comes with a new name for Daniels Real Estate’s 48-story, 700,577-square-foot high-rise, which has been known as The Mark.