West
Panavision Takes 145,000 SF of Flex Space for HQ in Suburban L.A.
Angelo Gordon & Co. has taken its 145,000-square-foot office/R&D property at 6101 Variel Ave. in Woodland Hills, Calif., from vacant to full with the signing of Panavision, which will occupy the entire structure.
MetLife Makes $550M in Loans for Class A Properties in San Fran, D.C.
MetLife has originated a $300 million loan for San Francisco’s Bank of America Center and an additional $250 million in loans for the Washington Square Building in Washington, D.C.
Report: Demand for Tech Fueling Office Recovery
Reports by Jones Lang LaSalle and Cassidy Turley pinpoint one of the brightest spots in the CRE office space: High-tech firms, through venture capital, are creating better-than-average employment numbers.
Behringer Harvard Buys 132-Unit Luxury Apartment Property Near San Francisco
Acting through a joint venture involving Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund, Behringer Harvard has purchased the Renaissance, a luxury apartment community in Concord, Calif.
MG Properties Grabs Seattle’s Park at Northgate Apartments for $22.3M
Investor interest in the Seattle apartment market continues to grow — MG Properties Group has just purchased the 146-unit Park at Northgate from Triad Villa Roma L.L.C. for $22.3 million.
Essex Spends $165.1M for Two Seattle Apartment Properties
Essex Property Trust Inc. has expanded its presence by nearly 1,000 residences in metropolitan Seattle with the purchases of Redmond Hill and The Bernard for an aggregate $165.1 million.
Fifteen Group Beefs Up Miami, L.A. Portfolios with $65M in Purchases
Fifteen Group has been on a bit of a buying binge in the metropolitan areas of Miami and Los Angeles, recently shelling out $65 million in cash on various investments, predominantly in the multi-family sector.
ARC Healthcare Purchases Three Properties for $60.9M
Acting through its sponsor, American Realty Capital V L.L.C., American Realty Capital Healthcare Trust Inc. has completed the initial phase of its $257.5 million acquisition of a 12-property portfolio of high quality income-producing healthcare facilities.
California’s Great America Amusement Park to Trade for $70M
Cedar Fair, owner of California’s Great America in Santa Clara, Calif., has signed a deal to sell the amusement park to JMA Ventures L.L.C. in an all-cash transaction. The active property owner will pocket $70 million on the deal.
GGP Refinances Staten Island, Boise Malls for $413M
Refinancing debt-laden properties has been a high priority for General Growth Properties since emerging from Chapter 11, and to that end, the company refinanced Staten Island Mall in New York and Boise Towne Square in Idaho for an aggregate $413 million.