West
Lionstone Snaps Up 650 KSF San Diego Tech Center
Lionstone Investments acquired the trophy property from Beacon Capital Partners, which paid $152.2 million for the asset in 2012.
Boston Properties Sells Interest in Office Buildings to Norges Bank for $1.5B
Norges Bank Investment Management, Norway’s sovereign wealth fund, continues picking up prime office assets in the United States.
PM Realty Group Brings M-F Management Services In-House
The diversified service firm has brought property management under its own roof and tapped former Omnium Management Co. executive Joan Maxwell to lead its expansion.
In $183M Deal, Vail Acquires Park City Ski Resort from Powdr
Ending a legal battle, Vail Resorts is buying Powdr’s top-ranked ski destination in Park City, Utah, for $182.5 million..
MARKET SNAPSHOT: Positive Pace in Hawaii
In the context of an improving economy led by tourism, Oahu’s office market remained stable during the second quarter of 2014, with a positive quarter-over-quarter net absorption of 14,094 square feet, while retail improved and industrial continued to attract investors despite a slow performance.
Office Properties in San Francisco Sell for Over $700M
San Francisco’s office investment market continues to sizzle, with two more high-profile sales closing.
Vulcan Signs Costco to Office Lease
Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.
ASB Real Estate Purchases LA Residential Tower
ASB Real Estate Investments has acquired Watermarke Tower, a 35-story trophy residential property in the South Park neighborhood of downtown Los Angeles, for $160.5 million.
Related California Forms New Division
Related California has created Related California Urban Residential, a new division to support the firm’s future market-rate and luxury residential development activity.
St. Anton Partners Inks $96M Construction Loan for Facebook Co-Designed Apt. Project
St. Anton Partners, of Sacramento, has closed on a $96 million construction loan from U.S. Bank for the 394-unit Anton Menlo Apartments.