West
LaSalle Acquires San Francisco’s Hotel Vitale for $130M
LaSalle Hotel Properties has acquired Hotel Vitale, a 200-key lodging in San Francisco, for $130 million.
Parallel Capital Partners Teams with Zell to Buy San Diego Office Campus for $73M
Parallel Capital Partners has added to its holdings in the San Diego area with the acquisition of a three-building Class A office complex in the Sorrento Mesa submarket for $73 million.
AIG, Associated Estates Enter JV to Build $220M M-U Development in San Francisco
AIG Global Real Estate and Associated Estates Realty Corp. have entered into a 50:50 joint venture partnership to build a 3.4-acre site at Eighth and Harrison streets in San Francisco.
John Manning: Great Opportunities in Condos
John Manning, managing director, capital markets, at JLL, discusses the current apartment development cycle, the condominium market, and apartment investment sales in San Francisco.
Amazon to Open 4th 1 MSF Fulfillment Center in Kent, Wash.
Amazon.com will open its fourth fulfillment center in the state with the development of a 1 million-square-foot facility in Kent, Wash.
Kilroy Grabs Premier Life Science Property in Seattle for $106M
Kilroy Realty Corp. has bought a four-story, LEED Gold–certified life science property at 401 Terry Ave. N., in Seattle’s South Lake Union submarket, from the building’s developer, Vulcan Real Estate.
Hackman Capital Buys Iconic 358 KSF Film Studio in Culver City, Calif.
Hackman Capital Partners has acquired The Culver Studios, a 358,200-square-foot independent film studio in Culver City, Calif., approximately 10 miles west of downtown Los Angeles.
Brookfield Asset Management Acquires Silicon Valley Office Campus
Brookfield Asset Management has acquired Rio Robles Technology Park, a 460,000-square-foot, eight-building office/R&D portfolio located in the North San Jose submarket of the Silicon Valley.
Equity Sells 2 Suburban San Francisco Office Properties for $100M
Equity Office Properties Trust has been in a selling kind of mood in certain locations and it recently pocketed $100 million on the disposition of two office assets totaling 212,900 square-feet in Marin County, across the bay from San Francisco.
HFF Closes Recap, Arranges Acquisition of 215-Key Hotel in El Segundo, Calif.
The DoubleTree LAX, a 215-room, full-service hotel in El Segundo, Calif., has closed on a new-equity recapitalization that has brought in two new owners.