Regions West
Permanent Financing Totaling $21M Closes for Newport Beach
Aug 29, 2008

While many of the details are being kept mum, permanent financing to the tune of approximately $21 million has been put in place for the 25-acre Hyatt Regency Hotel property in Newport Beach, Calif.  Commercial mortgage banking firm Newmark Realty Capital Inc. arranged the loan on behalf of a life insurance company; the arrangement took place in January with a forward commitment. In addition to 403 guestrooms, the property features 26,000 square feet of meeting space, a tennis club and a golf course.

 
Recent West Headlines
Ross Joins Grubb as SVP
Dec. 04, 2008
Grubb & Ellis Co. announced that 28-year commercial real estate veteran Michael Ross has joined its downtown Los Angeles office as a senior vice president, responsible for investment sales on behalf of institutional and high net worth investors.
KBS Buys 2 Sacramento Office Buildings for $21M
Dec. 02, 2008
KBS Real Estate Investment Trust I has acquired two buildings totaling 105,003 square feet of office and amenity space at City Gate Plaza, a master-planned office park in the South Natomas submarket of Sacramento, Calif.
ShareBuilder Takes 130,000 SF in Seattle’s Pioneer Square
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ShareBuilder, an online brokerage and investment subsidiary of ING Bank fsb, is growing so rapidly that it needs more space and is moving from Bellevue, Wash., to 83 King St. in Seattle’s Pioneer Square, an eight-story building owned by Starbucks.
San Fran Approves $2B Housing, Stadium Plan
Dec. 02, 2008
The San Francisco Board of Supervisors has approved a resolution endorsing the funding plan for the redevelopment of Candlestick Point and Hunters Point Shipyard, which will entail the construction of 10,500 new homes, retail, office, open space and a new stadium for the city's 49ers football team.
$300M California Hospital Expansion Gets Nod from City Council
Nov. 26, 2008
The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures.