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.
LOS ANGELES—Colliers International has hired Kyle Matthews and team from Marcus & Millichap's National Retail Group. The team specializes in investment sales of retail properties across the U.S., with an emphasis on the West Coast.
BEVERLY HILLS, CA—Maxxam Enterprises has sold two properties in its Southern California portfolio demonstrating its increased presence the Southern California market.
MENLO PARK, CA—Facebook has agreed to pay the city $1.5 million over the next 10 years as to expand into a "West Campus" across Bayfront Expressway from its headquarters. Under terms of an agreement that goes to the Menlo Park City Council next week, the social network company also would contribute $100,000 for local improvements and restrict the number of vehicles going in and out of the new campus, according to the Palo Alto Daily News. …
SAN FRANCISCO—Tishman Speyer Properties LP plans to sell three office complexes in the San Francisco area, seeking to capitalize on demand from real estate investors amid rising rents, Bloomberg reports. The New York-based company intends to offer for sale 350 Rhode Island St. in San Francisco; Dublin Corporate Center in Alameda County; and Sunnyvale Office Park in Sunnyvale, part of Silicon Valley. Bloomberg said the information came from a source close to the company, who asked not…
OAKLAND—Clorox has completed the sale of its downtown headquarters to Westcore Properties.Westcore paid $110 million for the 520,000-square-foot office tower, where Clorox will keep its headquarters under the sale-leaseback deal.
PARIS—AXA has acquired a 44,230-square-foot supermarket and a 56,800-square-foot supermarket in Mickleover in an off-market sale / leaseback agreement with Tesco.
PORTLAND, OR—Home Forward will sell its St. Johns Woods apartment complex in North Portland to Vitus Group, a Seattle-based affordable housing provider. Home Forward, the new name for the Housing Authority of Portland, is Oregon's largest affordable housing provider.
SAN ANTONIO, TX—H-E-B is planning a fourth store in The Woodlands. The San Antonio-based grocery company will be the anchor tenant for the new Creekside Park Village Center to be constructed on 100 acres.
DALLAS-The one-million-square-foot, 50-story landmark office building in the CBD could be subject to a Feb. 5 forced sale. Younan Properties, which owns the building, defaulted on an $84 million loan.