West

Blackstone Rides the Hospitality Wave

The Blackstone Group continues adding to its hospitality holdings with two portfolio deals announced within two days this week.

BioMed to Grab Premier Property in Seattle’s Steamy Life Sciences Market

BioMed Realty Trust will hit the half-million-square-feet mark in Seattle’s sizzling life sciences sector with its latest acquisition.

Landmark Seattle Tower Sold for Second Time in Three Years

What is arguably Seattle’s most historic office tower has just added another page to its history.

MBA SPECIAL REPORT: The CRE Market Is All Right

Economists are optimistic about commercial real estate in 2015 and they have the numbers to prove it, experts said during the Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo in San Diego.

MBA SPECIAL REPORT: Best of Times for Multi-Family

Here’s what the head of Fannie Mae’s multi-family division thinks of the current apartment market, straight from the MBA-CREF conference in San Diego.

Strategic Hotels ‘Breaks Record’ with Montage Laguna Beach Purchase

Strategic Hotels & Resorts Inc. has just turned the heads of everyone in the hotel real estate business with its acquisition of the 250-key Montage Laguna Beach in Laguna Beach, Calif.

Ivanhoé Cambridge Grows Its M-F Portfolio in San Francisco with Veritas Investments

Ivanhoé Cambridge and its partner Veritas Investments have boosted their multi-family holdings in San Francisco with the acquisition of 11 properties.

E-Commerce Innovator Macy’s Upgrades Fulfillment Center

Local analysts agree Macy’s Inc. picked a great time to triple the size of its fulfillment center to accommodate e-commerce by moving into a new location in Sacramento.

Irvine Co. Pays Legacy Partners Pretty Penny for Silicon Valley Office Park

The Irvine Co. has taken Tech Park at Freedom Circle in Santa Clara, Calif., off the hands of Legacy Partners, which the seller called a “win-win for both sides.”

Vulcan Trades Prominent Washington State Office Complex

To raise capital for new investment, Vulcan Real Estate has sold a 20-acre property with strong credit tenants such as Microsoft and Costco Wholesale to Talon Private Capital for a nice chunk of change.