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Gaming Index Backs Off Recovery
By Brian Miller
LAS VEGAS-Valuations within the gaming sector falls back in June after two consecutive monthly increases.
... Full Story
Sunset Lures Bank of West to Bishop Ranch
By Brian K. Miller
SAN RAMON, CA-The bank will consolidate several East Bay locations in a 240,000-square-foot building late next year.
... Full Story
Service Logic Acquires Egis Unit
By Brian K. Miller
SEATTLE-The privately held amalgamation of mechanical services firms acquires the engineering unit of locally based Egis Real Estate Services.
... Full Story
CWCapital Expands West Via Sierra Acquisition
By Bob Howard
IRVINE, CA-The Boston-based multifamily and healthcare real estate lender acquires the assets of Sierra Capital Partners.
... Full Story
Industrial Tenants Ink 292,000 of Leases
By Bob Howard
LOS ANGELES-The six tenants sign the deals with Chicago-based First Industrial Realty Trust for properties in the South Bay and Santa Clarita.
... Full Story
G&E Denver Adds Senior Director, Four Others
By Brian K. Miller
DENVER-Patrick G. Lynch joins the company as a senior director in the Corporate Services Group.
... Full Story
California May Delay Rent Payments
By Brian K. Miller
SACRAMENTO-Once the richest state in the nation, California now has the worst credit rating in the country and a cash shortfall not seen since the Great Depression.
... Full Story
West Coast University Expands, Upgrades Space
By Bob Howard
COSTA MESA, CA-The nursing and healthcare education specialist, now with three locations in Southern California, is investing in new space as well as redesigns to improve existing facilities.
... Full Story
Bill Condon Now Managing Seattle for G&E
By Brian K. Miller
SEATTLE-The top-producing industrial broker from Colliers International is now in charge of Seattle for Grubb & Ellis.
... Full Story
Colony Financial REIT Files $500M IPO
By Bob Howard
CENTURY CITY, CA-The new REIT, which will buy distressed assets, will be managed by a subsidiary of Colony Capital LLC, which has a long history of investing in troubled assets.
... Full Story
Canyon Again Seeks Sale of Greek Isles Casino
By Brian K. Miller
LAS VEGAS-The borrower, which lost control of the asset to a court-appointed receiver in March, has been in default for the past year and now owes $67 million on a $56-million loan.
... Full Story
Hotel Defaults More Than Double in State
By Bob Howard
IRVINE, CA-The number of California hotels in default or foreclosed on jumped 125% in the last 60 days, and more than 500 have defaulted on their property taxes.
... Full Story
ProLogis-Stockbridge Deal Totals 9.6M SF, $426M
By Brian K. Miller
DENVER-The deal represents approximately half of the $840 million in gross proceeds the distribution REIT generated in the second quarter through asset sales and contributions.
... Full Story
City Proposes Moscone Center Expansion
By Brian K. Miller
SAN FRANCISCO-A preliminary proposal calls for a public-private partnership with TMG Partners and Rreef, owners of the existing buildings the expansion would replace. ... Full Story
City Kicks Off $125M in Capital Improvements
By Bob Howard
WEST HOLLYWOOD, CA-The city breaks ground on a program of expenditures that will include a 42,000-square-foot library and three LEED-certified facilities.
... Full Story
MGM Catching Breath, Station Still Gasping
By Brian K. Miller
LAS VEGAS-MGM Mirage convinces accountants there is no longer 'substantial' doubt about the company’s ability to persist while Station Casinos seeks another deadline extension.
... Full Story
Early Q2 Data Show Office Rents Still Falling
By Brian K. Miller
SAN FRANCISCO-The non-weighted Class A rental rate falls 19% while overall market vacancy inches up to 14.1%, according to a preliminary report by Colliers International.
... Full Story
Turner Fund Targets Distressed Assets
By Bob Howard
NEWPORT BEACH, CA-The 30-year-old firm's first fully discretionary fund will acquire distressed commercial real estate and pools of performing and non-performing loans in the West.
... Full Story
Buyer Acquires Complex $2M Below Asking Price
By Bob Howard
CAMARILLO, CA-The $14 million sale of the 106-unit Mountain View Apartments reflects a realistic adjustment to the market, according to brokers involved in the deal.
... Full Story
Riviera Stock Quote Moves to Pink Sheets
By Brian K. Miller
LAS VEGAS-Trading of the company’s common stock on the NYSE AMEX LLC ended Thursday.
... Full Story
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TIC July 28 
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