West
$65M Refinance for Miracle Mile Office Building
The 452,800-square-foot property at 5900 Wilshire Blvd. is widely known as the Variety Building for its lead tenant, entertainment publication Variety.
Voit Continues Las Vegas Expansion
Voit Real Estate Services has tapped George Okinaka as a senior associate in its Vegas office as part of its continued effort to spread its wings locally.
Lee & Associates Names Fulkerson, Linklater Principals
Grant Fulkerson and Scott Linklater are both industrial brokers specializing in the sale and leasing of properties and development land, Fulkerson throughout the Eastern Ventura County and Conejo Valley markets and Linklater throughout the West San Fernando Valley and Ventura County markets.
New Denver Office Building Trades for $213M
The 500,000-square-foot office building at 1800 Larimer St. comes under new ownership just nine months after developer Westfield Co. Inc. put the finishing touches on the technologically advanced tower.
Abacus, QVT Flip Property, Gain Profit
Acquire an asset, hold it for a year or so and then sell at a sizable profit. Sounds like a 2007 transaction outcome, and apparently it is for Abacus Capital Group and QVT Mount Auburn Capital L.P. The multi-family investment advisor and the real estate private equity fund recently sold the Enclave at Adobe Creek apartment community in Petaluma, Calif., for $68 million after having bought the property for $52 million in October 2009.
Watkins to Lead Innovation, Product Development at JLL
Emily Watkins has been tapped to serve as senior vice president, based out of the firm’s San Francisco office.
Clark Delivers ISO HQ Early
Clark Design/Build of California has wrapped up construction of the $114 million California Independent System Operator Corp. Iron Point headquarters in Folsom, Calif.
L.A. Uses Tax Breaks to Lure Gensler
Even in a recovering office market, it is unusual for a modest-size 45,000-square-foot office lease to command the attention of a big-city mayor and other officials. That was the case in Los Angeles, however, as the mayor and other leaders publicly touted the architectural firm’s decision to relocate to the City of Angels as a vindication of its pro-business policies.
L.A. Complex Fetches Rumored $300M
The sellers, Lincoln Property Co. and ASB Capital Management, have entitlements to build another 750,000 square feet at the master-planned office development.
Forest City Sells Stake in L.A. Apartment Complex to JV Partner CalPERS
Forest City cites an attractive 4.5 percent cap rate in its decision to sell its 50 percent share of the property, developed jointly with CalPERS.