Regions West
Research Shows Growing Pipeline of Datacenter Development
May 8, 2008

According to results from a study commissioned by San Francisco-based internet gateway datacenter owner Digital Realty Trust Inc., the number of datacenter projects on tap for the U.S. over the next 12 months is substantially higher than the anticipated figures from one year ago. An increasing need for IT infrastructure among businesses in a vast range of industries, Digital Realty Trust CEO Michael F. Foust explained, is spurring the demand for more space.  Among the survey's host of telling indicators was the finding that 45 percent of the respondents expect to expand to at least three locations within the year, marking a 20 percent jump over the amount of expansions anticipated in the 2007 poll. Additionally, the amount of space being planned for expansion sites has increased from 10,000 square feet last year to 15,000 square feet.

 
Recent West Headlines
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.
university gateway Clark Forges Ahead with $134M Contract for Student Housing Project in L.A.
Aug. 29, 2008
Clark Construction Group-California has commenced work on University Gateway, a 421-unit mixed-use student housing development in Los Angeles, just across from the University of Southern California.
lalive1 L.A. Live Conference Center Topped Out
Aug. 29, 2008
Schuff Steel Co. has topped out the new conference center that is part of the L.A. Live development in Los Angeles. The 27-acre development began with the construction of the Staples Center where the Lakers play, in 2002.
SoCal Lender Kicks Off Another $100M Mortgage Pool Fund
Aug. 28, 2008
Los Angeles-based Wilshire Finance Partners has introduced Wilshire Income Fund II, its second real estate mortgage pool fund. The fund will raise $100 million to make commercial property loans. This time around, however, the company will be able to welcome investors and borrowers from beyond the borders of the State of California.
Maguire Wraps Up $211M Orange County Office Sale
Aug. 28, 2008
Los Angeles-based Maguire Properties Inc. has closed the disposition of Main Plaza, selling the 607,000-square-foot trophy office complex in Irvine, Calif., to Shorenstein Properties L.L.C for $211 million including the assumption of $161 million of project level financing.