West
Lincoln Property Co. Nabs LA-Area Office Tower
The firm and its partner Long Wharf Capital acquired the 101,526-square-foot office tower and plans to renovate and reposition the asset.
Business Property Trust Sells 3 Self-Storage Facilities in Arizona
The facilities, totaling 1,111 units, traded for the combined purchase price of $8.6 million. All assets are well located within the Tempe Town Lake/Rio Salado district.
Avison Young Brokers $8M Sale of Monterey Boutique Hotel
Local private investor rises to the occasion to nab a 52-key property in an area with a moratorium on new hotel construction.
Raith Capital Lands $22M in Financing for 2 Assets
The company plans on using the equity to renovate Avera Commerce Center, an industrial campus in Texas and recapitalize The Centre at La Quinta, a shopping center in California.
Bixby Closes $56M Sale of Orange County Building
Karma Automotive LLC purchased the 262,463-square-foot property it had leased in August 2016. The company is planning to redesign its new headquarters to include further employee amenities and a branded experience center for its new Revero luxury sedan.
Hilton Expands Mile-High Footprint
The 320-key hotel is situated in the Denver Tech area and offers a variety of amenities, including an 18-hole golf course, 43 meeting spaces and five restaurants.
National Healthcare Realty Adds New EVP
Mike Wood will oversee all national design, construction and project management efforts for the firm’s ground-up development projects.
Hotel Indigo Opens in DTLA
The 350-key property is part of Greenland USA’s mixed-use Metropolis development and marks the brand’s first project in the City of Angels.
Stos Partners Sells One, Buys Two SoCal Assets
The company acquired two office properties located in Encinitas and San Dimas for a total amount of $7 million and sold an industrial asset in Rowland Heights for 6.6 million.
HITT Opening Silicon Valley Regional Office
The office will deliver construction services focused on corporate interiors and mission critical facilities, of which HITT has completed more than $1.3 billion and nearly 10 million square feet of data centers.