West
Penn National Takes Ownership of $1B Resort
This was no hostile takeover. The acquisition of the M Resort Spa Casino in Las Vegas was simply the exercising of an option.
Magleby to Head Capital Markets at Cushman
Cushman & Wakefield has tapped Curtis Magleby, a finance and investment specialist with two decades of experience, as senior managing director of capital markets & U.S. western region leader.
TNP Strategic Acquires Pinehurst Square East
The 114,292-square-foot retail center was built in 2005 and is located in Bismarck, North Dakota.
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
UC Davis Near Completion on First Phase of Massive Zero Net Energy Community
Work is nearly complete on the first phase of UC Davis West Village, which the university is calling the “largest planned zero net energy community,” in the country. That means that the property will ultimately generate at least as much, and possible more power than it consumes.
Behringer Harvard Sells 390-Unit San Francisco Apartment Property for $110M
Behringer Harvard just sold Waterford Place, a 390-residence apartment community in Dublin, Calif., for approximately $110 million. But it remains interested in the San Francisco market.
CT Realty Disposes of SoCal Portfolio for $30M
The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.
JLL: Capital Markets Drive Change in San Diego
Jones Lang LaSalle said the market saw a decrease in availability for biotech real estate space as well as an increase in demand over the last two quarters of 2010.
Mondrian Los Angeles to Star in Pebblebrook Portfolio for $137M
Carrying an address in trendy West Hollywood, the 227-guestroom Mondrian occupies a 189,000-square-foot structure that first opened its doors as an apartment property in 1959.
Record-Breaking Army Land Exchange Advances Bay Area Development
With the signing of the largest-ever Reserve Property Exchange Agreement, the U.S. Army paved the way for SunCal Co.’s development of a master-planned community, Dublin Crossing, on 180 acres at Camp Parks Reserve Forces Training Area in Dublin, Calif. In return for the land, SunCal will build 152,300 square feet of new buildings for the military.