West
Reports Suggest Marriott's Two New Downtown L.A. Hotels Badly Needed
All the hoopla surrounding the announcement of a $172 million, two-hotel project near the Los Angeles Convention Center looks like more than mere boosterism. The city needs modern hotel product to continue attracting convention dollars.
New $67 Million Dormitory Open for San Diego Sailors
John William Finn Hall, a new 264-room dormitory in San Diego, is ready for its first residents. The $67 million dormitory is located on Naval Base Coronado and is part of the Navy’s Homeport Ashore initiative, which is designed to improve the quality of life for sailors.
Ashkenazy Nabs 309 KSF Shops at The Bravern in Washington State
The Shops at The Bravern, the 309,000-square-foot retail component of the 1.6 million-square-foot The Bravern mixed-use property in Bellevue, Wash., has just come under new ownership as Ashkenazy Acquisition bought the swank suburban Seattle retail center from Schnitzer West.
Glimcher Plans to Acquire Blackstone's Interest in 1 MSF Hawaii Retail Center
In a transaction valued at approximately $289.4 million, Glimcher is looking to acquire the 80 percent indirect interest in Pearlridge Center, a 1 million-square-foot shopping mall in the community of Aiea, in metropolitan Honolulu.
Regency Centers Begins Construction on 109 KSF Retail Property Near L.A.
Marking its second California development project of the year, Regency Centers has commenced construction on South Bay Village, a 109,300-square-foot neighborhood shopping center in Torrance, 19 miles outside of downtown Los Angeles. The retail property developer will invest $30 million in the project.
Goodrich Inks 105 KSF Office Lease in California
Aerospace company Goodrich Corp. has signed a 104,662-square-foot lease at the Brea Imperial Center in Brea, Calif., bringing the facility to 100 percent occupancy.
Prologis Signs 270 KSF Industrial Lease in L.A.
With the signing of a 270,764-square-foot lease in Carson, Calif., Prologis has now fully leased the Prologis South Bay Distribution Center to 3PL Global L.L.C., a third-party logistics provider. The building, which is LEED Silver certified, is located near the Ports of Los Angeles and Long Beach.
Investcorp Acquires $65M Mixed-Use Portfolio in California
In the largest transaction to close in the Northern San Francisco Bay Area thus far in 2012, Investcorp has added a 14-property portfolio to its holdings in a partnership with PB&J Acquisitions.
AREA Joins with Harbor Properties, Urban Partners on Seattle Multi-Family Initiative
AREA Property Partners has joined forces with Harbor Urban L.L.C., the merged entity of Harbor Properties and Urban Partners, to develop apartment communities in the Seattle metropolitan area.
Bascom Group Acquires 406-Unit Hawaii Apartment Community for $74M
The Bascom Group makes a big addition to its portfolio in Hawaii with the purchase of Oasis at Waipahu Apartments, a 406-unit residential community in Waipahu, for $73.5 million.