West
Granite Properties Buys Denver Tower, Dallas Plaza
Granite Properties has made two major office purchases in the last few days: Plaza Tower One in Denver and Cedar Maple Plaza in Dallas.
Coreland to Manage 1.2 MSF of Watt Properties' California Retail
Coreland Cos.’ management responsibilities just got a lot bigger, as the company recently landed a contract to manage a 1.2 million-square-foot Southern California portfolio of neighborhood retail properties owned by Watt Properties.
DivcoWest Takes 261 KSF Silicon Valley Office Complex for $71M
In a 261,059-square-foot transaction, DivcoWest acquired the Caribbean Corporate Center, a portfolio of four, 100-percent leased office buildings in the Silicon Valley area for a reported $71 million.
BioMed Realty Trust Signs Biotech Firm to 220 KSF Lease in San Francisco
BioMed Realty Trust Inc. is not naming names, but the REIT just landed a big fish at its 1.4 million-square-foot Pacific Research Center in Newark, Calif. A private biotech company has signed a long-term lease for 220,000 square feet at the sprawling campus in San Francisco’s East Bay submarket.
Avison Young Opens Bethesda, Reno Offices
Avison Young, the largest independently owned commercial real estate services firm in Canada, continues its rapid expansion south of its border with the purchases of Bethesda, Md.-based Realty Management Co., and the opening of an office in Reno, Nev.
Kennedy Wilson Acquires Research Firm Meyers L.L.C.
After working together on several projects, two leading real estate industry firms — Kennedy Wilson and Meyers Research L.L.C. — decided to team up in a more permanent way with KW acquiring the research and consulting firm.
Mid-City L.A. Shopping Center Completes Construction
Developer CIM Group has completed construction of the 330,000-square-foot Midtown Crossing retail center in Mid-City Los Angeles, which targets the more than 1.3 million residents within a five-mile radius.
Sequoia Equities Purchases $52M California Multi-Family Complex
Institutional Property Advisors, a relatively new division of Marcus & Millichap Real Estate Investment Services Inc., has arranged the sale of River Oaks Apartments, a 318,768-square-foot luxury apartment complex in Vacaville, Calif., for $52.4 million. GID of Boston sold the property to Sequoia Equities.
Macy's Signs 243 KSF Office Lease in San Francisco
Macys.com, the e-commerce-division of Macy’s Inc. department store, has just signed a lease with a joint venture involving TMG Partners and Rockwood Capital to occupy 242,600 square feet at 680 Folsom St. in San Francisco.
Kilroy Realty Buys Bay-Area Office Park for $162M
Kilroy Realty Corp. of Los Angeles has purchased Menlo Corporate Center in Menlo Park, Calif., for approximately $162.2 million. The seven-building, 374,000-square-foot park is 79 percent occupied by 10 tenants.