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May 25, 2017
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• GM Properties Acquires Property Management Division of Villelli Enterprises
Whittier-based GM Properties has extended its area outreach by acquiring the regional property management division of 63-year-old Villelli Enterprises Inc of La Habra. GM is a SoCal-based commercial real estate brokerage and ...
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• Cypress West Partners Awarded Management Assignment for NV Medical Office Campus
Orlando-based CNL Healthcare Properties has awarded Cypress West Partners with the management assignment for a three-building, 140k sf medical office campus in Henderson, NV. The properties, located at 2825-2865 Siena Heights...
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• Renovation of CO Office Property Transforms Class B Space into a Modern, Class A Environment
Elion Partners completed a capital improvement program at 5889 Greenwood Plaza Blvd, a 90k sf office property in Greenwood Village, CO. The significant, state-of-the-art renovations transformed the Class B suburban office pro...
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• Texas Medical Office Project Awarded LEED® Gold Certification
Phase I of Katy Medical Plaza in Katy, TX has been awarded LEED® Gold certification by the U.S. Green Building Council (USGBC) in the Leadership in Energy and Environmental Design (LEED) for Core and Shell™ green building rat...
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• Houston Office High-Rise Certified LEED Platinum
717 Texas, a 33-story, 696.4k sf office tower located in Houston's downtown theater district, has been certified at the Platinum level under the U.S. Green Building Council's (USGBC) LEED Volume Certification (LEED VC) Progra...
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• Title 24 Costs and Its Effects on a Lease
According to CBRE research, the latest update to California’s energy code has far reaching implications that can quickly increase costs and timelines associated with both new construction and renovations. New construction has...
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• New $110 Mil Patient Tower Gets Started at Henry Mayo Newhall Hospital
Bernards has broken ground on a new $110 mil, six-story patient tower for the Henry Mayo Newhall Hospital in the Santa Clarita Valley—about 33 miles northwest of Los Angeles. Responsible for all aspects of this design-build p...
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• KBS REIT III Boosts Amenities at Office Tower along San Francisco’s Embarcadero
KBS Real Estate Investment Trust III has completed a number of renovations at 201 Spear Street, a 252.6k sf, Class A office building in San Francisco. The property is located a block in from the waterfront, just a couple of b...
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• The Sunset Wins “Outstanding Building of the Year” Award from BOMA LA
The Building Owners and Managers Association (BOMA) Greater Los Angeles chapter has named The Sunset “The Outstanding Building of the Year” (TOBY) in the “Under 100,000 Square Feet” category for 2015. The award recognizes out...
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• Premier Business Centers to Offer New Concierge Service to Its Clients
Premier Business Centers, the largest privately owned executive suite operator in the US, has teamed up with Portero Concierge Inc to launch Premier Concierge Service. Powered by Portero, Premier Concierge Service will provid...
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• RiverRock Real Estate Group and Voit Real Estate Services Form Strategic Alliance
RiverRock Real Estate Group and Voit Real Estate Services have formed a strategic alliance. The arrangement calls for RiverRock to serve as Voit's preferred provider of property management services throughout Southern Califor...
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• San Mateo Res Apartment Property Awarded by USGBC as Outstanding Multifamily Project
The U.S. Green Building Council (USGBC) has awarded 888 North San Mateo Drive as national winner in the Bay Area for Outstanding Multifamily Project. The property, a development of Sares Regis Group of Northern California (SR...
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• Equity Office Properties Awards DTZ Nearly 1 msf in NoCal Property Management Assignments
Equity Office Properties has awarded DTZ 990.5k sf in new property management assignments located in the San Francisco North Bay and East Bay regions. Jim Arce, Senior Managing Director; Warren Mead, Associate Vice President;...
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• OC-Based Premier Business Centers Expands into Chicago
Irvine-based Premier Business Centers, the largest privately owned executive suite operator in the US, will open their first Illinois executive office suite location in Downtown Chicago this coming fall. Located in the presti...
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• Colliers International Awarded 700k sf Retail Management Assignment
Value Rock Realty Partners has awarded the property management services tor 21 retail and mixed-use properties throughout California to Colliers International’s Property Management Division. The properties total approximately...
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• JLL to Acquire Shelter Bay Retail Group
JLL has agreed to acquire Shelter Bay Retail Group, a retail property management firm based in Mill Valley, CA. The addition of Shelter Bay’s 74 urban and suburban, open-air shopping centers is expected to boost JLL’s third-p...
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• Downtown LA Office Tower Awarded LEED Platinum Certification
Aon Center, the 1.1 msf, Class A office tower at 707 Wilshire Blvd in the heart of downtown LA’s Financial District, was awarded LEED Platinum certification. The high-rise is owned by Shorenstein Properties LLC, who acquired ...
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• Major Renovation Started on 300k sf South Bay Retail Center
Vestar has started construction on a multi-million dollar renovation of Peninsula Center, a 300k sf retail center located on 24.7 acres in the affluent city of Rolling Hills Estates in Los Angeles County. Ac...
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• The California Drought Mandate – How to Plan
This year the State of California has mandated that properties cut water usage by at least 20 percent – a large undertaking for some companies that may have to make major overhauls to landscaping and water usage at their prop...
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• SmartStop Self Storage Inc to Be Acquired by Extra Space Storage Inc in $1.4 Bil Deal
SmartStop Self Storage Inc has entered into a definitive merger agreement under which it will be acquired by NYSE-traded Extra Space Storage Inc. SmartStop stockholders will receive $13.75 per share in cash which represents a...
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