West
Madison Buys 49% Interest in Downtown LA Office Tower
Madison International Realty has acquired a 49 percent ownership interest in One California Plaza, a 42-story trophy office tower in downtown Los Angeles, for $295 million.
Jamestown Acquires San Francisco’s Famed Ghirardelli Square
Aiming to boost its appeal to locals as well as tourists, Jamestown has acquired the famed Ghirardelli Square retail complex at San Francisco’s Fisherman’s Wharf for a reported $56 million.
Executive Spotlight: Steve Winger, Everest Auctions
Gain insight into Steve Winger, founder of EverestAuctions, in CPE’s inaugural Executive Spotlight.
Inland Buys 2 Andaz Hotels in California, Georgia for $115M
Inland American Lodging Group has acquired two Andaz hotels from Hyatt Hotels Corp. for $115 million. A Hyatt affiliate will continue to manage both properties.
Kilroy Buys 220 KSF Office Campus in San Diego Suburb for $126M
The Heights at Del Mar, a 219,000-square-foot office and life science campus in the coveted Del Mar Heights submarket of San Diego, is now part of Kilroy Realty Corp.’s portfolio. The REIT acquired the premier two-building, 15-acre asset from Prudential for $126 million.
Google Leases Office Campus at Former Mall in Mountain View, Calif., from Rockwood, Four Corners
Google is leasing 500,000 square feet – the largest lease signed so far this year in Silicon Valley – at the former Mayfield Mall in Mountain View, which is being repurposed by Rockwood Capital and Four Corners Properties into Class A office space.
Hackman Capital Wins Bid for Hostess Brands’ Assets
Hackman Capital Partners saw an opportunity to turn Hostess Brands leftovers into an appetizing investment by acquiring the remaining assets of the former national bakery brand at a recent bankruptcy auction for $62.5 million.
Berkeley Closes $325M Refinance Loan for San Francisco’s Gateway
It’s a big property with a big financing deal. The Gateway, a 1,254-unit multi-family community spanning three blocks in San Francisco, has been refinanced to the tune of $325 million, courtesy of a loan closed by Berkeley Point Capital and Freddie Mac.
Grosvenor Americas Grabs 195-Unit M-F Property in Bay Area
Grosvenor Americas has just entered the apartment market in the California Bay area with the acquisition of Carlmont Woods Apartments in Belmont.
Prometheus Gets $188M Mortgage for M-F Project in Silicon Valley
Prometheus Real Estate Group has secured a $188 million financing deal for Mansion Grove, a 1,000-unit apartment community in Santa Clara, Calif., in the heart of Silicon Valley.