West

  • Health Care REIT pays $500 PSF for MOBs

    Health Care REIT finds $200M deal, acquires four-MOB portfolio in California for more than $500 PSF.

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  • B-Class Multifamily Heats Up

    LOS ANGELES—In this EXCLUSIVE video interview, ABI Multifamily’s John Kobierowski talks about the multifamily market in Phoenix, AZ, and what is driving the market down there.

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  • Investors Hurry to Break into Westside Office Sector

    PLAYA VISTA, CA—DivcoWest forms a joint venture with Maguire Investments to own Water’s Edge, a two-building class-A office property in Playa Vista, and plans to build a third building to take advantage of growing demand.

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  • Honeyman Hardware Lofts Changes Hands

    PORTLAND, OR—NorthMarq Capital has completed a $24 million acquisition financing deal for the multifamily property in Portland, OR.

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  • EQR Nabs Alcyone Apts. for $61M

    SEATTLE—The Chicago-based firm purchases the first LEED-certified market-rate multifamily building in Washington State from Vulcan Real Estate in this week’s wrap-up of deals.

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  • What Makes Investors Choose to Flip or Rent?

    IRVINE, CA—Auction.com’s November Real Estate Investor Activity Report shows investors favor a hold-to-rent strategy over flipping when it comes to residential investments in certain areas.

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  • Propak Logistics Signs 49K SF Lease

    PHOENIX—CBRE has completed a 48,735-square-foot lease at Estrella Business Park located at 1010 S. 65th Ave. in Phoenix. Propak Logistics, Inc. has leased the space marking the company's first location in metropolitan Phoenix and bringing the property to 100% leased.

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  • From Walmart to Medical Office

    PHOENIX—More than 400 attended the 2014 RealShare Healthcare Real Estate conference held at the Phoenician in Scottsdale where Kate Morris, first vice president, CBRE, moderated the panel: New Trends in Marketing and Leasing.

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  • Caruso Affiliated Buys Palisades Village

    PACIFIC PALISADES, CA—The mixed-use retail developer acquires the 49,000-square-foot retail center from a consortium of trustees and private individuals with plans to redevelop the property.

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  • The Shopping Center Group Heads West

    LOS ANGELES—The largest retail real estate advisory firm on the East Coast opens its first West Coast office in Santa Barbara, and brings in Mike Hieshima and Philip Kyle to lead the new group.

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  • Seattle Firms Touchstone and URG Align

    SEATTLE—Touchstone owners are to remain invested as general partners with URG in all current projects.

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  • South Hills Plaza Fetches $21M

    LOS ANGELES—Hong Kong-based investor LT Global buys the 120,598-square-foot retail center, which is anchored by a Marukai Market and 24 Hour Fitness, at a 6.8% cap rate.

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  • What Matters Most to CRE Hirers and Workers?

    NEWPORT BEACH, CA—In this EXCLUSIVE interview, RETS Associates’ Kent Elliott tells GlobeSt.com that today’s employees are focused on compensation packages, while employers seek strategic problem-solvers.

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  • Irvine Ranked 4th Nicest City in US

    IRVINE, CA—In time for the holidays, RealtyTrac rates the naughtiest and nicest cities in the country based on the number of sex offenders per capita, unemployment rates, foreclosures, school scores and crime ratings.

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  • Appraisal Demand Leads to LRES Growth

    ORANGE, CA—Increased call for mortgage appraisals, in addition to an expanding client base, results in both 13% revenue growth in 2014 and a projected 28% growth rate for the firm in 2015.

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  • Sheraton Denver Tech Center Trades

    GREENWOOD VILLAGE, CO—The full-service hotel in suburban Denver was sold to ASAP Holdings.

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  • US Office Markets Score on Rent Growth

    LOS ANGELES—Dovetailing with the best quarter for net absorption since 2007, five of the world’s top 10 office markets for Q3 occupancy cost increases were in the US, says CBRE.

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  • Tudor Plaza Trades Above Asking

    LOS ANGELES—Despite a CMBS loan deficiency the sale of the 100% leased shopping center generated 10 offers, selling to a 1031 exchange buyer for $13.4 million, GlobeSt.com reports EXCLUSIVELY .

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  • Evolving Needs of Hospital Systems

    PHOENIX—More than 400 congregated at Scottsdale’s Phoenician for the 2014 RealShare Healthcare Real Estate conference this week. Neil Carolan, senior vice president of business development for Rendina Companies moderated the panel, Provider Update: Examining the Evolving Needs of Hospital Systems.

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  • $480M Hospital Build Delivers Months Early

    LOS ANGELES—McCarthy Building Cos. completes the Lundquist Tower at Torrance Memorial four months ahead of schedule and $10 million under budget.

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