West
Douglas Emmett Snags Premier 310,100-SF Los Angeles Office Property for $111M
Approximately one month after a bankruptcy court gave the green light for Douglas Emmett Inc. to acquire the 310,000-square-foot Wilshire Bundy Plaza in West Los Angeles, the deal is now done.
Pacific Newport Rakes in $85.3M in Southern California’s Largest Industrial Sale of 2010
Harbinger of big change or no, Southern California has just seen its largest industrial property transaction of the year to date with Pacific Newport Properties Inc.’s disposition of Mira Loma Distribution Center.
Ratkovich Grabs 28-Acre Former Howard Hughes Property in Los Angeles
In a joint venture with Penwood Real Estate Investment Management, Ratkovich shelled out $32.4 million for the land, which is presently home to 537,000 square feet in 11 historic structures, one of which served as the hangar where billionaire aviator and movie producer Howard Hughes developed the renowned Spruce Goose.
JLL Inks New Lease for GSA
The lease was managed and awarded by Debbie Orkowski of the GSA Leasing Contracting office, while JLL employees Jessica Kokish, Suzanne Drake, Chris Roth and Dan Reidy represented the government.
Excel Trust to Take 750,000-SF Northern California Shopping Center for $92.5M
The purchase agreement involves a little bit of cash and a little bit of debt. Excel will assume an existing first lien with an unpaid balance of approximately $44.8 million, and fund the remainder of the deal through cash on hand and borrowings under its unsecured credit facility.
Nugent Joins JLL as Senior Vice President in Orange County
Jones Lang LaSalle continues to expand its Orange County office.
Los Angeles School District Taps Turner for $236M Multi-Campus Project
Together, the three projects Turner is managing will produce classroom space for Los Angeles County students from kindergarten through 12th grade.
Colliers Taps Coombs to Head Northwest Operations
The veteran executive will be responsible for management, business development and recruitment in a four-state region.
Pinnacle Reels In 645-Unit Seattle-Area Apartment Property for $110M
The Pinnacle Family of Companies joined forces with a public pension fund represented by real estate investment management firm CS Capital Management Inc. of Los Angeles to acquire the asset from Seattle-headquartered Security Properties Inc.