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.
TEHACHAPI, CA—A joint venture of two regional building partners is about to break for a new 25-bed hospital. Completion expected in 2015, with a $56M budget.
SAN FRANCISCO—Colliers International represented R&K Investments in the sale of 1415 Mission Street site in San Francisco to Martin Building Company. A fully entitled residential development site will feature 117 units.
DENVER—Coldwell Banker Commercial Alliance is launching a new Denver, brokerage and advisory services operation under the direction of two leading local veterans with more than 30 years combined experience.
ESCONDIDO, CA—Realty Income Corporation has closed the acquisition of American Realty Capital Trust. The acquisition was approved by both companies' shareholders at their meetings held on January 16.
TRACY—Prologis Inc. recently signed a 1-million-square-foot build-to-suit lease with Amazon.com for a new distribution center in Tracy. Prologis will build on 90 acres of land at Prologis Park.
SAN DIEGO—TriGate Property Partners II, L.P., in partnership with San Diego-based Cypress Office Properties, has acquired the 130,000 square foot office and corporate headquarters project in the Kearny Mesa submarket of San Diego. Jones Lang LaSalle assists new owner to re-position office project for lease-up.
SAN DIEGO—MG Properties Group, San Diego-based real estate investor and operator, says it has acquired a 138-unit multi-family property in Pomona, and a 156-unit multi-family property in Tracy.
EL SEGUNDO, CA—Griffin Capital Corp. says its Griffin Capital Net Lease REIT, Inc., has acquired a 157,000 square-foot, Class A office building located in Greenwood Village, Colorado for $27 million. The Property is 100% leased to Comcast Cable Holdings, LLC, a wholly-owned subsidiary of Comcast Corporation pursuant to a triple-net lease with an approximate nine-year remaining term. Comcast Corporation is one of the world's leading media and entertainment. …
LYNNWOOD, WA—Minnesota-based CSM Lodging, has purchased Courtyard by Marriott North/Lynnwood Everett, located north of Seattle. The 164-key property originally opened in 1999.