West
One Liberty Sells Vacant Colorado Property
The company anticipates that the gain from this sale will be $6.5 million. The asset was previously occupied by Sports Authority.
New Owners Rebrand Seattle High-Rise Project
Weber Thompson is serving as architect of the 41-story Arrivé. The tower is scheduled to be delivered in the first quarter of 2019.
Skanska Promotes Greg Zwiep to Operations VP
With 20 years of engineering, design and construction management experience, Zwiep will focus on the LA County Metropolitan Transportation Authority’s $1.8 billion Regional Connector Transit Project.
Red Propeller Expands Seattle Team
After a five-year tenure at Crescent Communities, Tyler Niess joins Red Propeller’s Seattle team. He brings extensive experience in marketing and product strategy.
JV Acquires Portland Retail Portfolio
ScanlanKemperBard and Artemis Real Estate Partners acquired an 86,445-square-foot retail portfolio in the city’s Pearl District from Hoyt Street Properties. The properties are currently 94 percent leased.
MedEquities Enters Master Lease, Pledges $11M for Las Vegas Hospital Expansion
The new agreement replaces the separate triple-net leases for two acute care hospitals in Las Vegas and two nursing facilities in Fort Worth, Texas, and Spartanburg, S.C., respectively.
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.