West
Expansion in Today’s Market? John Combs Weighs In
It’s tough to expand in a recovering market, but sometimes it makes sense. John Combs talks about what went into his decisionmaking in expanding RiverRock Real Estate Group Inc.
Plan for $100M Contemporary Art Museum in Los Angeles Gets the Green Light
Grand Avenue in downtown Los Angeles, home to a bevy of internationally respected cultural venues, will soon become the site of a new contemporary art museum now that philanthropists Eli and Edythe Broad have obtained the final requisite approval for the development known as The Broad Collection.
Marcus & Millichap Taps Volen as VP, Investments in San Diego
Previously Volen held the position of associate vice president investments. He began his career with Marcus & Millichap in 2004 as an office and industrial property investment sales specialist.
Boyd Gaming JV Closes $950M Borgata Hotel Casino Debt Financing Deal
Marina District Development Co., the Las Vegas-based 50/50 joint venture that owns the Borgata Hotel Casino and Spa in Atlantic City, N.J., has wrapped up debt financing totaling $950 million.
Emeritus JV Wraps Up Stayton Portfolio Buy
Emeritus Corp.’s portfolio has just gotten a lot bigger. In a joint venture with Blackstone Real Estate Advisors VI L.P. and Columbia Pacific Advisors, it closed the $1.2 billion acquisition of a 144-property seniors housing portfolio from Stayton SW Living L.L.C., which parted with the assets as part of its Chapter 11 plan of reorganization.
Yardi Acquires Public Housing Management Software Developer VisualHOMES
This latest acquisition combines the public housing technology expertise of VisualHOMES with Yardi’s browser-based Yardi Voyager PHA solution for subsidized housing.
Klug Tapped as Legacy’s VP of Marketing and Training
Klug previously served as regional vice president of business deelopment at Western National Group and has also held executive marketing positions at SARES-Regis Group as well as Irvine Company Apartment Communities. At Western National, she oversaw the firm’s new fee management business development opportunities.
$900M Mixed-Use Denver Airport Project Moves Forward with Design Unveiling
The project will be constructed in phases, with the first stage carrying a development price tag of $650 million. Phase I will consist of a 500-room hotel to be designed by architectural firm Gensler, with approximately 40,000 square feet of meeting space.
Equity Office Nails Down Pair of Leases at SF Bay Area’s Skyway Landing
Wells Fargo Insurance Services has taken 40,257 square feet, while MarkLogic Corp. has nearly doubled its occupancy by expanding into an additional 18,630 square feet, making for a total of 40,268 square feet.
Responding to Demand, Denver-Area Children’s Hospital Kicks Off $230M Expansion
The expansion will address a demand that has been on the rise since 2007, when the hospital opened its new location at the 227-acre Anschutz Medical Campus, a recently developed education, research and patient care complex.