West

  • LaSalle Hotel Closes $350M Westin Buy

    SAN FRANCISCO—The Westin Market Street in San Francisco officially goes to LaSalle Hotel Properties, which is renaming it the hotel Park Central San Francisco.

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  • Developers Answer Calls for More Housing

    ARCADIA, CA—Brandywine Homes buys an .82-acre plot to build 17 three-story townhomes in an area with extremely limited housing supply.

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  • The Next Creative Office Hub?

    LOS ANGELES—A joint venture between Embarcadero Capital Partners and Westbrook is the latest investor to flock to El Segundo to capitalize on the growing creative office market.

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  • Investment Hits the Ski Slopes

    IRVINE, CA—Again this year, RealtyTrac takes a fun look at the best ski-town investment opportunities.

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  • Markets to Watch for Multifamily Growth

    PALM SPRINGS, CA—From the Northeast to the West, panelists at NMHC’s Apartment Strategies Outlook Conference here last week gave an overview of where the hot spots are and where rent growth is cooling for apartments.

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  • Going Into the Banking Business

    PALM SPRINGS, CA—Panelists at NMHC’s Apartment Strategies Outlook Conference here last week say the economy encouraged them to become ‘bank alternatives’ at a time when traditional lenders were pulling out.

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  • Target and US Bank Sell for $12M

    PHOENIX—Tempe-based Hudson Retail Center, LLC has sold two single-tenant, net-leased investment properties in Tempe to Rosebud Tempe One, LLC of Palm Beach. The transaction included a free-standing, single-tenant Target and US Bank at the northeast corner of McClintock Drive and Baseline Road.

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  • Groundbreaking Marks Start of Waypoint

    PHOENIX—Officials from Harvard Investments, Lincoln Property Company, the city of Mesa and anchor tenant American Traffic Solutions were on hand for the groundbreaking of Waypoint, a two-building, 258-square-foot class A office campus in Mesa, that is nearly 50% pre-leased to ATS.

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  • Denver's Cautious Climb Brings Demand Shift

    DENVER—New report from Savills Studley says class A tightness in CBD and LoDo has lead to more activity in the suburban markets.

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  • TruAmerica Plays in Class-B Market

    LOS ANGELES—TruAmerica’s Mark Enfield talks in depth about the company’s recent $481 million multifamily portfolio purchase in this UPDATE to a previous story.

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  • SF Valley Office Generates High Interest

    LOS ANGELES—The Moss Group sells the Tarzana Professional Center, a 160,345-quare-foot office building, to a private investor for $28.7 million, or $178 per square foot.

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  • Realty Mogul Hits $50M Milestone

    LOS ANGELES—The crowdfunding platform reaches $50 million in investments of approximately 180 properties nationwide valued at $360 million, GlobeSt.com reports EXCLUSIVELY .

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  • Embarcadero Capital Sheds 301 Howard St.

    SAN FRANCISCO—While it has been rumored for some time now, New York-based Emmes Asset Management Co. LLC has purchased the 23-story building here and plans to enhance and reposition the property.

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  • Plaza Tower Gains Platinum Certification

    COSTA MESA, CA—The 470,000-square-foot office building here is one of the first multi-tenant buildings in the country to achieve LEED EB O&M Gold in 2009 and now earns this new designation, GlobeSt.com learns EXCLUSIVELY .

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  • New Community Offers Preserved Habitat

    SAN CLEMENTE, CA—Taylor Morrison begins the final stage of development for Sea Summit at Marblehead here, which includes 116 acres of protected mesa and canyon habitat.

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  • Put Affordable Ideas Before Legislators

    PALM SPRINGS, CA—Presenting creative solutions to policymakers is key to helping solve the lack of affordable housing problem nationwide, said panelists at NMHC’s Apartment Strategies Outlook Conference here.

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  • Retail Center Changes Hands

    UPLAND, CA—Upland Town Square, with tenants that include Sprouts Farmers Market and Denny's, was acquired by IRA Capital Advisors.

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  • Deal Tracker: Office and Multifamily

    PHOENIX—In this edition of Deal-Tracker, Cushman & Wakefield of Arizona, Inc. completes the nearly $5 million sale of the Glendale Shadows Apartments, 5902 W. Royal Palm Rd. The apartment building was constructed in 1975 and contains 138 units totaling 95,765 square feet.

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  • Sammamish Park Place Trades for $128M

    ISSAQUAH, WA—The 20-acre office park, 100% occupied by Microsoft and Costco, was sold to Seattle-based Talon Private Capital.

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  • Avison Young Adopts Open Format Office

    LOS ANGELES—The brokerage firm expands its downtown office space and hires Gensler to create a creative-type office environment.

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