West
XLD Buys LAX Marriott in L.A. from Diamondrock Hospitality
XLD Century has acquired the LAX Marriott, an 18-story hotel in Los Angeles, from Diamondrock Hospitality Co. for $160 million.
Skanska Trades M-U Property in Seattle
National development company Skanska USA has sold its first Seattle property, Stone34, to a joint-venture buyer Unico Properties and the Laird Norton Co. for $70 million.
KBS REIT III Grabs 310 KSF Silicon Valley Office Property
KBS Real Estate Investment Trust III has stepped into the Silicon Valley market with the acquisition of Ten Almaden, a Class A office property in downtown San Jose.
Hudson Pacific Properties to Buy $3.5B Blackstone Office Portfolio
In a stock-and-cash transaction valued at $3.5 billion, Hudson Pacific Properties has agreed to acquire Equity Office Properties’ approximately 8.2 million-square-foot San Francisco Peninsula and Silicon Valley office portfolio from Blackstone Real Estate Partners V and VI.
CT, Prudential JV to Develop 5 Industrial Buildings in Riverside, Calif.
A new $120 million joint venture between CT Realty and Prudential Real Estate Investors has made its first acquisition, of 13.1 acres of land in Riverside, Calif., where the JV plans to develop five industrial buildings.
Bentall Kennedy, MEPT Buy 359 KSF SF Office Tower
Bentall Kennedy, real estate advisor for the Multi-Employer Property Trust, has expanded the fund’s Bay Area holdings with the acquisition of 600 California St., a 20-story, Class A office tower in San Francisco.
Zillow Expands to 270 KSF at Russell Investments Center, Seattle
Zillow Inc. is going through a growth spurt so the company is adding a lot more elbowroom to its national headquarters with the expansion of its lease at the Russell Investments Center in downtown Seattle.
TRT, JMI Get $140M in Financing for Omni San Diego Hotel
TRT Holdings and JMI Realty, owners of the luxury Omni San Diego in the city’s downtown Ballpark District, have refinanced the existing debt on the hotel with a $140 million loan secured through HFF.
Ivanhoe Cambridge, Callahan Capital Buy 2 Seattle Office Buildings for $280M
The deal gives the Montreal-based investment firm about 13 percent of downtown Seattle’s Class A office market.
Salesforce Purchases San Francisco’s 50 Fremont St. from TIAA-CREF
The tech company that, just a few months ago, signed the largest office lease in San Francisco history has now agreed to what reportedly is the largest occupier deal in the city’s history.