West
Chatham Adds Five Hotels to Portfolio in Part of $1.3B Deal
Chatham has completed the first step of its multi-faceted, $1.3 billion expansion plan with the acquisition of five Innkeepers hotels totaling 764 rooms for an aggregate $195 million.
CBRE Arranges $49 Million Sale of Sè Hotel in San Diego
In a sign of continued life for the hospitality sector, CBRE announced that it completed the $49 million sale of the Sè Hotel in San Diego to an affiliate of Kimpton Hotels & Resorts.
438-Unit L.A. M-F Property Commands $132.9M
The 438-unit Millennium Warner Center in the Los Angeles suburb of Woodland Hills just sold to Wesco L.L.P. for a purchase price of nearly $133 million.
Strategic Hotels Closes $120M Refi of Loews Santa Monica
Strategic Hotels & Resorts Inc. continues to stagger maturities on its balance sheet with the $118.3 million refinancing of the Loews Santa Monica Beach Hotel on Los Angeles County’s Westside.
307,700-SF Orange County Building Trades for $70M
Office property values are ticking up, but steal-of-a-deal transactions have not disappeared entirely. Case in point: The approximately 307,700-square-foot office tower at 2600 Michelson Drive in Irvine, Calif., just sold for $70 million.
Sperry Van Ness, Promus Merge San Diego Operations
The San Diego market is a small beacon of light for a national economy still mostly in the dark. Capitalizing on that opportunity, Irvine, Calif.- based Sperry Van Ness merged its local operations with Southern California firm Promus Commercial.
L.A. Apartment Property Paragon Trades for $58.6M
Cornerstone just acquired the mixed-use Paragon at Old Town, a suburban Los Angeles asset, from Urban Housing Group for $58.6 million.
JLL Brokers 149 KSF Distribution Center for Herbalife in Carson, Calif.
JLL found Herbalife a new distribution-center home in Carson, Calif., in a 148,908-square-foot industrial space.
JLL Secures $160M Financing for 1 MSF Downtown L.A. High-Rise
Downtown Los Angeles is seeing some action, as One California Plaza, a 995,000-square-foot office building, has been refinanced for up to $160 million in a deal secured by Jones Lang LaSalle.
MSREI, Lincoln Property Snap Up 950,000-SF, $320M L.A.-Area Complex
Morgan Stanley Real Estate Investing and Lincoln Property Co. have become the new owners of the Parsons Campus, a 950,000-square-foot office property in the Los Angeles suburb of Pasadena.