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03/21/2017
Cushman & Wakefield Expands West Coast Valuation & Advisory Platform
Cushman & Wakefield has made three strategic hires to expand leadership of its valuation and advisory platform along the West Coast. Steve Henry, MAI and Melissa Lofing, MAI join the commercial real estate services firm as managing directors in its...

03/21/2017
Top Commercial Real Estate Firms and Brokers in Inland Empire Win CoStar Power Broker Awards
Several top firms and real estate brokers in Inland Empire are among the winners of the annual CoStar Power Broker Awards. Now in its 16th year, the awards recognize those who perform at the highest levels in commercial real estate brokerage. Every...

03/17/2017
CoStar's People of Note (Mar. 17) - Colliers Florida Announces New Statewide Leadership, Principals Named at Lee & Associates, Next Realty
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Tampa / St. Petersburg, San Diego, Washington DC, Raleigh / Durham...

03/14/2017
Sunstone Sells Fairmont Newport Beach Hotel for $125M
WJ Newport LLC acquired the 444-room Fairmont Newport Beach hotel at 4500 Macarthur Blvd. in Newport Beach, CA from Sunstone Hotel Investors, Inc. for $125 million, or about $282,000 per key. The sales price represents a 16x multiple on 2016 Hotel...

03/10/2017
CoStar's People of Note (Mar. 10)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: New York City, Santa Fe, Boston, Chicago, Orange County, Phoenix/Tucson...

03/10/2017
Newcastle Breaks Ground on Two New Industrial Facilities in the Inland Empire
San Francisco-based real estate development company Newcastle Partners has commenced construction on two industrial facilities totaling more than 570,000 square feet being built on-spec across the Inland Empire. The larger of the two, Meridian Distribution...

03/10/2017
Best Western Gardens Hotel at Joshua Tree Sells for $5.1M
A private investor acquired the Best Western Gardens Hotel at Joshua Tree located at 71487 29 Palms Hwy in Twentynine Palms, CA for $5.1 million, or about $61,000 per room, from Hospitality Ventures 1 LP. The recently-renovated hospitality property...

03/07/2017
Menifee Rite Aid Sold for $9M
Parkcrest Construction, Inc. sold the retail building at 28995 Newport Rd. in Menifee, CA to Blue Wave Partners LLC for $9 million, or about $524 per square foot. The freestanding building is 17,185 square feet with a drive thru. It delivered in late...

03/06/2017
Modus Furniture Renews 232,000-SF Lease
Modus Furniture International, a family-owned and operated enterprise, has signed a 64-month renewal for the 231,600-square-foot industrial building at 11751 Cabernet Dr. in Fontana, CA. Built in 2000, the property sits on 12 acres in the Vintage Park...

03/06/2017
Ware Malcomb Promotes Myers to Regional Vice President, Three More to Principals
Ware Malcomb, an award-winning international design firm, has promoted Tom Myers to regional vice president of the firm's Irvine, CA headquarters office. In addition, Ware Malcomb has promoted Kevin Evernham to principal of the firm’s Phoenix, AZ office...

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