West
Transwestern Wins Two Service Contracts for 5.1 MSF in San Fran Bay Area
Transwestern has secured two assignments from Westcore Properties and USAA Real Estate Co. involving an aggregate 5.1 million square feet of properties in the San Francisco Bay area.
Cole Grabs 11 PetSmart Properties for $74M
After purchasing the PetSmart headquarters in Phoenix last week for $102 million, Cole Real Estate has added 11 PetSmart store properties to its portfolio for a purchase price of $74 million.
Napa Valley Marriott Sells for $72M
Inland American Lodging Group has acquired the Napa Valley Marriott Hotel, a 275-room upscale resort in the heart of California’s wine country, for $72 million, or approximately $261,000 per key.
Chesapeake Lodging to Buy 613-Room Denver Marriott for $119M
Chesapeake Lodging Trust’s shopping fever continues as the REIT enters into an agreement to acquire the Denver Marriott City Center, the 613-room upper-upscale hotel in the mixed-use City Center tower in downtown Denver.
Clarion Partners Purchases $118M, 2.8 MSF Industrial Portfolio from ProLogis
Clarion Partners acquired 13 Class A industrial properties from ProLogis for $118 million, focused mostly on Midwest distribution centers.
Yahoo, JLL Achieve LEED Gold on 1 MSF Sunnyvale Campus
In a first for a corporate campus of this kind, Jones Lang LaSalle and Yahoo announced Monday that the search giant’s Sunnyvale, Calif., campus has been awarded LEED Gold certification.
Behringer Harvard Scores Big Lease Deals in Chicago, Houston, San Fran
Behringer Harvard has secured renewed commitments and new leases totaling nearly 560,000 square feet at three of its office properties in the leading markets of Chicago, Houston and suburban San Francisco.
A Deal for North L.A.’s Largest Industrial Lease of 2011
In the largest industrial-building lease this year in the Santa Clarita and San Fernando Valley area, Deluxe Media Management has taken a 229,450-square-foot lease in the Vista Business Park in Valencia, Calif.
MIG Real Estate Shells Out $56M for 376 KSF San Diego Office Portfolio
MIG Real Estate, keen on opportunities in San Diego’s Class B office market, has just acquired a five-building portfolio for $56 million.
East West Partners, Starwood Capital JV to Revitalize Downtown Denver
There’s a renaissance underway in downtown Denver and East West Partners and Starwood Capital Group are doing their part with the establishment of a joint venture that will focus on advancing the area’s revitalization.