West
Voit Advances Distressed-Asset Mandate Via $100M Portfolio
Voit Asset Services executive managing director John Strockis said that the firm was retained based on its expertise as a real estate operator: specifically, developing, owning and managing comparable projects.
Huge SF Apartment Complex in Default
The San Francisco Chronicle is reporting that the owner of the city’s 116-acre Parkmerced apartment complex is expected to announce that the loan on the property has fallen into default.
Equity One Makes its California Debut with $600M JV Purchase of C&C USA
There are few better ways to enhance a commercial real estate portfolio by 2.6 million square feet in one fell swoop than by acquiring a commercial real estate company, and Equity One Inc. has done just that.
Corporex Breaks Ground on $80M Fitzsimons Village Hotel-Office Complex
Phase one of the 32-acre mixed-use development will entail a Class A six-story 160,000-square-foot office building with 16,000 square feet of ground-floor retail, as well as a 153-room Marriott Springhill Suites hotel and structured parking.
JLL Completes Two Downtown LA Leases Totaling 69,000 SF
Murchison & Cumming, L.L.P. has signed a 10-year, 42,162-square-foot lease renewal at 801 South Grand Ave., while Ogletree Deakins Nash Smoak & Stewart, P,C. has signed a 10-year, 26,924-square-foot lease at the Mellon Bank Center at 400 South Hope Ave.
Skanska Tapped for $115M Seattle Road Construction
The Swedish development and construction firm will build the $115 million Alaskan Way Viaduct in Seattle, a 0.8-mile stretch on the southern section of the Alaskan Way on the State Route 99 bypass in downtown Seattle.
Turner Tapped for $31M Renovation of Portland’s PGE Park
The company will be responsible for overseeing the construction of a training facility, club seating with a full-service restaurant, grandstands with concessions, a roof structure to cover the stands and a new playing field.
AMB Leases 234,600 SF to UMA Enterprises
Owner, operator and developer of global industrial real estate AMB Property Corporation has leased 234,600 square feet to UMA Enterprises, a home-furnishings importer and wholesaler.
Dollar Tree Continues Southern California Expansion
Dollar Tree Stores Inc. continues to spread its wings in Southern California with the inking of six new leases.
IKEA Enters Colorado with Groundbreaking on 415,000-SF Denver-Area Store
There are signs of life in Denver’s retail market and Swedish affordable home furnishings retailer IKEA is expected to further improve conditions as it breaks ground on a 415,000-square-foot store in Centennial, Colo.