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.
SEATTLE—CBRE has executed on two new office leases totaling 75,000 SF for new tenants at 705 Union Station. CBEW says clients Avvo and Intel are expanding their regional. Occupancy now at 76%.
CHICAGO—John Allen, who helped build the company that would become Chicago-based apartment firm Amli Residential in 1980, died Sunday at his home in Chicago. He was 76. Allen, a former law firm partner, worked in real estate development for 25 years.
TACOMA, WA—State Farm Insurance is considering changes to its operations in the Tacoma area, including looking at the downtown 12-story building that has been mostly vacant since 2010.
SCOTTSDALE—Texas developer breaks ground on the first phase of 750-Unit Jefferson at One Scottsdale. Broader master development to include retail, dining, class A office and hotel uses.
THE COLONY, TX—Nebraska Furniture Mart has acquired 433 acres to house a retail and distribution hub and a surrounding master-planned retail and entertainment development. The retailer's plans include a convention center hotel and spa.