AMB Property Corp. has fully leased its 199,000-square-foot Los Angeles-based facility to USC Intermodal, a Southern California-based third party logistics supplier.AMB Clipper Distribution Center is located in Los Angeles’ South Bay submarket. USC Intermodal has leased the property to accommodate its expanding presence in the South Bay.”The South Bay benefits from two powerful demand drivers: [...]

Grubb & Ellis Realty Investors L.L.C. sold 2800 East Commerce in Tucson, Ariz., to Hidden Willows L.P on behalf of tenant-in-common investors.  The financial terms of the transaction were not disclosed.The 136,000-square-foot office building is 100 percent leased to Intuit Inc.  Built in 1999 on 15 acres, the building contains an onsite fitness center, a [...]

Hollywood, Fla.-based CORFAC International – Corporate Facility Advisors has tapped James Garibaldi as president. CORFAC ’s theme for 2008 is “Next Generation,” he told CPN today. “We realize it is now appropriate to focus our attention on the next group of leaders within our organization,” he explained. “The younger members offer fresh perspectives, and are [...]

Costa Mesa, Calif.-based REIT Donahue Schriber has wrapped up the acquisition of three shopping centers from separate owners for an aggregate $189 million. The properties account for a total of nearly 1 million square feet of retail in Oregon, Arizona and California. The acquisitions gave Donahue Schriber the opportunity to take a major step [...]

According to Real Capital Analytics’ latest monthly report on the U.S. office, industrial, retail and apartment markets, sales transactions are drastically down year-over-year, while offerings for sale continue to be strong in most sectors. Cap rates, no surprise, are up almost across the board. In each sector, the report notes, some buyers are [...]

Kennedy Wilson Multi-family Management Group has brought its total ownership in the greater Seattle market to 1,735 units with the acquisition of the 300-unit James Street Crossing from Equity Residential for about $36 million.All together, counting the James Street Crossing, the Beverly Hills, Calif.-based company, a subsidiary of Kennedy Wilson, now holds roughly $275 million [...]

Wyndham Hotels and Resorts is expanding its brand in the Caribbean with its first project to be built in St. Croix, U.S. Virgin Islands. The luxury 400-room Wyndham St. Croix Golf Resort and Casino will be part of a $250 million conference center complex.Construction is expected to begin this spring on the 294-acre property on [...]

Limoneira Co. prepares to take the next step in the development of a 1,500-home mixed-use community now that it has obtained the Santa Paula City Council and Planning Commission’s approval of the 501-acre project, located about 40 miles outside of Santa Barbara, Calif.  The development will be sited in unincorporated Ventura County on the former [...]

Following a record year for the Houston office market, BHP Billiton Petroleum has expanded its space with the signing of a long-term lease through 2021 for almost 450,000 square feet in the city’s Galleria submarket. Financials on the deal were not disclosed. BHP Billiton’s lease will total 444,145 square feet in the Four Oaks [...]

Just over three years after having closed its first private equity fund, Legacy Capital Partners has closed its second such investment vehicle with $47 million in commitments. Modeled after the first fund, Legacy Capital Partners Fund II will focus its activities on various value-creation pursuits including acquisitions, ground-up developments and redevelopments of a variety [...]