California
Private Investment Firm Pays $62M for Retail Center
SAN PEDRO, CA-An affiliate of First Washington Realty Inc. was one of more than 20 bids that were received on the 199,666-square-foot Park Plaza shopping center here. FULL STORY
Union Investment to Buy 555 Mission St. for $445M
SAN FRANCISCO-Union Investment, an investment fund based in Germany, has reached a contract to purchase 555 Mission St. in downtown San Francisco for $445 million. FULL STORY
Rovner Construction Hires Moe For VP
SIMI VALLEY, CA-Mike Rovner Construction has added Jeffrey Moe as VP of construction and development to help develop the firm’s internal construction operation and accounting processes and to establish new business relationships with an expanded list of clients. FULL STORY
TRI CORFAC’s Sac, SF Offices Gain Six G&E Execs
SAN ANSELMO, CA-Among the new hires at TRI Commercial/CORFAC International is Grubb & Ellis’s top Sacramento investment advisor Steve Griffin and five other brokers formerly with G&E. FULL STORY
Law Firm Signs 160,000-SF Downtown Office Lease
LOS ANGELES-Lewis Brisbois Bisgaard & Smith LLP signs on for a 10-year lease renewal at 221 N. Figueroa St. in a transaction estimated to cost $45 million. FULL STORY
Hudson Pacific Properties To Make Huge Building Buy
LOS ANGELES-The firm agrees to pay $90 million for 901 Market St. in San Francisco, and $89 million for the Olympic Bundy Media Campus in West L.A. FULL STORY
More California Headlines See West HeadlinesSpotlight
BREAKING NEWS
Kennedy Wilson Sheds Two Apt. Assets for $154M
BEVERLY HILLS, CA-Kennedy Wilson sheds the 213-unit 360 Residences in San Jose, as well as the 440-unit Arbor Creek Apartment Homes in Beaverton, OR, to separate buyers.
EXCLUSIVE
Six Questions for Auction.com Chairman Robert Friedman
IRVINE, CA-The GlobeSt.com thought leader discusses due diligence, and the importance of commercial real estate auctions in commercial real estate enabling a much broader group of potential bidders.
EXCLUSIVE
Six Questions for NAIOP Young Professionals Group Liaison
LOS ANGELES-Malcolm Johnson tells GlobeSt.com that the key difference between the YPG and other professional networking groups is its emphasis on professional and personal development of its members.
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New York City-The two sides have mutually agreed to end talks about a possible sale to Guggenheim of three other Deutsche Bank asset management units; they began discussions in February.
