West

Hutton Cos. Begins Construction of La Verne Village

Tue, 21 May 2013 12:11:00 +0000

Construction has begun on La Verne Village, a mixed-use development in La Verne, Calif. The $43 million project is being developed by Hutton Cos. and was designed by KTGY Group Inc.

PM Hospitality Strategies To Manage Homewood Suites in Oakland

Tue, 21 May 2013 12:11:00 +0000

Hotel management company, PM Hospitality Strategies has added another West Coast property to its management portfolio. The Washington, DC-based company will now manage the132-key Homewood Suites by Hilton Oakland Waterfront.

Sabra To Offer $200M Senior Notes

Tue, 21 May 2013 11:31:00 +0000

Subsidiaries of Sabra Health Care REIT Inc. will offer $200 million aggregate principal amount of senior notes due 2023. BofA Merrill Lynch, Barclays, RBC Capital Markets, and Wells Fargo Securities are the book running managers, while Credit Agricole CIB and RBS Securities Inc. are co-managers.

Cost Reductions Push Net Zero Starts in Seniors Housing

Mon, 20 May 2013 14:06:00 +0000

Net zero energy design is beginning to take hold in the U.S. seniors housing industry, thanks to building cost reductions and other factors.

Trion Properties Purchases Two Multifamily Properties

Mon, 20 May 2013 12:24:00 +0000

Trion Properties has purchased two multifamily properties for a total of $7.25 million, in two different transactions. The properties are located in El Cajon, Calif. and Sacramento, Calif.

Lucent Capital Arranges $11.05M in Permanent Financing

Mon, 20 May 2013 12:24:00 +0000

Lucent Capital has arranged $11.05 million in permanent financing to recapitalize two Southern California properties owned by a Beverly Hills-based investment group.

Imperial Promenade Reaches 100% Occupancy

Mon, 20 May 2013 12:24:00 +0000

In a two-year period, Imperial Promenade went from 30-percent vacancy to 100 percent occupied thanks to a variety of leases. The property is owned by a partnership between DeBeikes Investment Company and Warmington Properties.

California's Transbay Transit Center Is Under Construction

Fri, 17 May 2013 18:48:00 +0000

One of the largest train stations ever built in America is well underway.

GGP, TIAA-CREF Enter Partnership to Own The Grand Canal Shoppes

Fri, 17 May 2013 14:13:00 +0000

General Growth Properties Inc.and TIAA-CREF formed a partnership to own and operate The Grand Canal Shoppes, including The Shoppes at the Palazzo in Las Vegas.

Three Carnegie Plaza Sells for $8M

Fri, 17 May 2013 13:39:00 +0000

Rancon Realty Fund V has disposed of Three Carnegie Plaza. The buyer, a 1031 Exchange Partnership made up of 1250 Fairfax LLC and 521 East 11th St. LLC, paid $8 million for the 85,846-sq.-ft. office property located in San Bernardino, Calif.