West
Kaye Scholer Takes 42,000 SF in Century City
L.A. Realty Partners has negotiated a long-term lease renewal for international law firm Kaye Scholer L.L.P., which has signed a 10-year lease agreement for 42,000 square feet at Sun America Plaza in Century City, Calif.
Aloft Hotel in Arizona Awarded LEED Certification
The Aloft Hotel in Tempe, Az., has become Starwood Hotels & Resorts’ seventh LEED-certified property. It is the first certified property amongst the 40-hotel Aloft brand.
Skanska Nabs $73M Hospital Expansion Contract
The project calls for Skanska to build a three-story healthcare facility encompassing approximately 72,000 square feet. Construction of the building, which will meet LEED certification standards, will commence this summer and wrap up by the close of 2012.
Ground Broken on $70.4M Pharmaceutical Facility in Southern California’s Life Sciences Market
BioMed is developing the project at a cost of $400 per-square-foot, or a total of $70.4 million.
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.