West
IKEA Enters Colorado with Groundbreaking on 415,000-SF Denver-Area Store
There are signs of life in Denver’s retail market and Swedish affordable home furnishings retailer IKEA is expected to further improve conditions as it breaks ground on a 415,000-square-foot store in Centennial, Colo.
Nokia Takes 200,000 SF Near San Diego
Mobile phone supplier Nokia has leased a newly constructed 196,742-square-foot office tower at Summit Rancho Bernardo, located in northern San Diego County. The company plans to occupy the space beginning September 2010.
Daum Commercial Acquires Collins Commercial
Commercial real estate brokerage firm DAUM Commercial Real Estate Services has acquired 26-year-old Collins Commercial. DAUM chairman and CEO Michael Nubel will oversee the new entity and Michael Collins, formerly the principal of Collins Commercial, will become vice chairman of DAUM.
RETS Taps Thornburg as Director for San Francisco Office
Commercial real estate recruiting and staffing firm RETS Associates has named Cheryl Thornburg as director in its San Francisco office. Thornburg, who specializes in recruiting commercial real estate and financial services professionals in the Bay Area, will work closely with Diane Blake in the firm’s Silicon Valley office in order to attend to the firm’s growing Northern California client base.
Turner Tapped for $300M Replacement Hospital in San Jose, Calif.
Officials in Santa Clara County, Calif., have selected Turner Construction Company to manage construction of a $300 million replacement hospital for Santa Clara Valley Health and Hospital System in the city of San Jose.
Tropicana Las Vegas to Go Tropical with $165M Makeover
The U.S. gaming market has yet to rebound, but Toronto, Ontario-based Onex Corp., owner of Tropicana Las Vegas Hotel & Casino, is preparing for the recession-weary public’s impending return to the tables with the commencement of its massive transformation of Tropicana Las Vegas.
Voit: Orange County Office Market Shows Signs of Stabilizing
In Orange County, Calif., an office market hard-hit by the recession and in particular the disappearance of real estate-related businesses, there are signs of revival.
Kennedy Wilson Hires Verratti, Tightens Focus on Distressed Denver-Area Assets
Real estate services and investment firm Kennedy Wilson is increasing its efforts to acquire distressed assets in the Denver and Western Slope markets through the hiring of Rob Verratti as acquisitions manager.
CWCapital Expands West Coast Presence
CWCapital’s new Los Angeles office represents a big step for the Boston-based lender to the multi-family and healthcare real estate industries, which set its sights on creating a strong West Coast multi-family lending presence a couple of years ago and entered the market last July.
Healthcare Trust, Plaza Companies Join Forces on Phoenix MOB Portfolio
Healthcare Trust of America and Plaza Companies are working together on more than 641,000 square feet of medical office buildings in the Phoenix metro area – a continuation of Healthcare Trust’s aggressive expansion efforts in Arizona.