West
Sunset Development, MetLife JV Grabs 2 MSF AT&T Campus in Bay Area
Sunset Development Co. and MetLife Inc. have teamed on a joint venture to acquire the 2 million-square-foot AT&T campus in San Ramon, Calif.
Alberta Development JV Grabs 671 KSF Retail Portfolio from A&B Properties
Alberta Development Partners and an affiliate of Walton Street Capital have acquired the three-property A&B Properties Mainland Retail Portfolio and the Maui Mall, a total of 671,538 square feet in Colorado, California and Hawaii.
Bentall Kennedy Sells 173 KSF Highlands Corporate Center in Metro Seattle
Highlands Corporate Center, a 173,250-square-foot property consisting of three office/life sciences buildings in Bothell, Wash., has been sold by Bentall Kennedy to Clise Properties.
Cole Buys 430 KSF Shopping Center in Denver Area for $117M
Cole has purchased the major portion of Cornerstar, a 750,000-square-foot regional power center in Aurora, Colo., from a joint venture of PCCP and Alberta Development Partners for $117 million.
Stanford Hotels Affiliate to Develop San Francisco’s First New Upscale Hotel Since ‘08
SOMA Hotel, a privately held hotel development company and an affiliate of the Stanford Hotels Group, has acquired a prime development site in San Francisco’s South of Market neighborhood and plans to build the first full-service hotel in the city since 2008.
Starwood Buys San Diego Office Portfolio for $327M
In two separate transactions, an affiliate of Starwood Capital Group Global has acquired 13 office properties totaling nearly 1.1 million square feet throughout the Sorrento Mesa and Rancho Bernardo submarkets of San Diego from Kilroy Realty Corp. for $327 million.
McCarthy Cook & Co. JV Buys 213 KSF Office Campus in San Diego
McCarthy Cook & Co. has teamed with AllianceBernstein U.S. Real Estate Partners on the acquisition of Canyon Plaza, a two-building, 213,000-square-foot office campus located in San Diego.
Invesco Buys 388 KSF San Francisco Office Tower from Hines
Invesco Real Estate has purchased the 24-story, 388,370-square-foot Class A office tower at 101 Second St. in San Francisco’s SoMa district from Hines.
Starwood Capital Buys 1 MSF San Diego Office Portfolio
Starwood Capital Group closed 2013 with a bang by acquiring a portfolio of 12 office properties in San Diego from Kilroy Realty Capital for $295 million.
Wood Partners to Break Ground on 270 KSF Apartment Building in Tempe, Ariz.
Wood Partners is preparing to break ground on Alta Tempe, a 296-unit apartment complex at University Drive and Dorsey Lane in Tempe.