David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
TEMPE, AZ—City officials plan to partner with a large, publicly-traded real estate firm to commercially develop 100 acres of city-owned land. The development would take place over the next decade.
DALLAS—Red River Asset Management LLC, of New York has purchased the four-story 239,000-square-foot office building near North Central Expressway. The buyer bought the property for $15.4 million from Oaktree Capital.
RANCHO DOMINGUEZ, CA—Jones Lang LaSalle represented Sims Recycling Solutions in a lease renewal for industrial space on South Rancho Way. Sims will continue to occupy the space for its regional office.
SAN FRANCISCO—Kinship Capital, Pearlmark Real Estate Partners, and Madison Marquette, have recapitalized the landmark 300 Grant Street building in iconic Union Square district.
RICHARDSON, TX—Three large office buildings formerly owned by Bank of America have been sold to Champion Partners. Bank of America will continue to lease and occupy the buildings.
LOS ANGELES—The nation's first LGBT-friendly affordable senior housing provider announced its latest 40 unit development, located at Hollywood and Western.
LOS ANGELES—Rexford Industrial says it has closed its fifth private equity real estate investment fund, Rexford Industrial Fund V REIT. The fund closed with $127 million in capital commitments and has acquired 2.6 million square feet of industrial.