West
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.
Savills Studley Relocates Seattle Office
The company will occupy 6,500 square feet on the 19th floor of the Class A Russell Investments Center in downtown. The offices will be designed by IA Interior Architects and built out by Gateway Construction.
The Agency Expands to Los Angeles
The Agency’s new branch will occupy Suite D2 of The Atrium Building at 860 Via De La Paz St. The 34,533-square-foot office building is situated in the heart of Pacific Palisades’ commercial district known as The Village.
TH Real Estate Welcomes New Hires to Debt Team
Mike Jameson and Rick Dugoff assume the newly created managing director positions at the company’s San Francisco and New York offices.
THG Opens Hyatt House Anchorage
This hotel marks the company’s first Hyatt House property and the first for Alaska. The pet-friendly location offers amenities such as a pool, restaurant, meeting space and a free airport shuttle.