West
Moving House: NBC Sports, United Talent Agency Sign for New HQs
Two major firms signed big deals to move their respective headquarters to new digs this past week: NBC Sports will relocate to Stamford, Conn., and United Talent Agency will take new digs in Beverly Hills.
Ashforth’s West Coast Arm Bought by Its CEO
Ashforth Pacific, the West Coast operating subsidiary of The Ashforth Company, has just been purchased by Scott Langley, the subsidiary’s CEO for the past 10 years.
Avison Young Opens Vegas Office
The largest independently owned commercial real estate services company in Canada is about to grow even larger, as Avison Young has just opened a Las Vegas office with Joseph Kupiec at the helm.
Reno’s Meadowood Mall Sees $125M Refi
Financing to the tune of $125 million has been put in place for Meadowood Mall, an 877,000-square-foot retail property in Reno, Nev., in a deal orchestrated by HFF on behalf of Meadowood Mall SPE.
Four-way Merger Creates New CRE Company in Idaho, Montana
Four CRE firms in Montana and Idaho have combined their efforts to create a larger company called Catalyst, which will be an independently owned affiliate of Grubb & Ellis.
DivcoWest, Stockbridge Capital JV on $47M San Diego Office
In a $47 million transaction, DivcoWest and Stockbridge Capital have teamed up to acquire the 160,000-square-foot Genessee Executive Plaza in the University Town Center submarket in San Diego.
HFF Arranges $125M Financing for L.A. Office Portfolio
In the slowly expanding Los Angeles office market, Holliday Fenoglio Fowler has arranged a $124.9 million refi package for four office properties that total 543,162 square feet in Burbank and L.A.
Western National, Nor’Wood JV to Build 3 Colorado Multi-Family Projects
Counting on the strength of the Colorado Springs apartment market, a new joint venture of Western National Realty and Nor’Wood Development has announced plans to build three projects in the area beginning early next year.
IDS Picks up ‘Irreplaceable’ 411 KSF San Diego Industrial Asset
Kearny Mesa, one of the better-performing submarkets of San Diego, has netted another big fish: IDS Real Estate Group has acquired a 411,245-square-foot industrial warehouse building there for $50 million.
Kilroy, JLL Sign 630 KSF Lease for DirecTV’s HQ
Direct-satellite broadcast provider DirectTV has signed a 15-plus year lease of 630,000 square feet for the company’s new headquarters in El Segundo, Calif.