West
$260M M-U Runway Project Underway in L.A.’s Playa Vista
Construction has gotten off the ground on Runway, the $260 million mixed-use center that will sit on the former runway of billionaire Howard Hughes’ aerospace complex in the L.A. community of Playa Vista.
Purchase of $865M Portfolio Pushes RHP Properties Upward
RHP Properties is now the nation’s largest privately held owner and operator of manufactured-home communities, thanks to its most recent acquisition, of an $865 million manufactured-housing portfolio.
Ivanhoé JV Joins Goldman, Greystar in 27 M-F Properties
Ivanhoé Cambridge has made its largest multi-family investment, joining a partnership of Goldman, Sachs & Co. and Greystar in the $1.5 billion acquisition of 8,010 multi-family units from Equity Residential.
Jamestown Acquires Retail/Office Portfolio in Downtown San Luis Obispo, Calif.
Jamestown has acquired more than 200,000 square feet of retail and office space in downtown San Luis Obispo, Calif., from Copeland Properties.
Steadfast Acquires Two Apartment Properties for $61M
California-based real estate investment and development firm Steadfast Income REIT has acquired two apartment communities in separate transactions for an aggregate purchase price of approximately $61 million.
Waveland JV Plans $160M M-U for Suburban Denver
Waveland Ventures, along with partners Jackson Street Holdings and Arrival Partners, has a mixed-use plan in the works for the active Fitzsimons neighborhood in Aurora, Colo.
Hines, Boston Properties Break Ground on 101 First St. in San Fran
Boston Properties and Hines have closed on the $192 million purchase of 101 First St. in San Francisco, where they will erect the 60-story, 1.4 million-square-foot Transbay Transit Tower, the tallest building on the West Coast.
Picerne Constructing 248-Unit Apartment Project for Hungry Denver Market
The Picerne Group is working hard to answer the increasingly loud cry for apartments in Denver with the construction of a luxury apartment property in the thriving Denver Tech Center area.
HFF Arranges $78M Refinancing for LA’s Alameda Square Campus
The owners of Alameda Square, an industrial and creative office campus with more than 1.6 million square feet in downtown Los Angeles, have secured a $78 million refinancing and will use part of it for renovations for new tenants.
Vestar, UBS Global Pay $87M for LA Retail Center
Vestar, in a JV with a UBS Global Asset Management fund, has acquired Peninsula Center, a 300,000-square-foot retail center in Los Angeles County, from Principal Real Estate Investors for $87 million in an all-cash transaction.