David Puchi

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    The 1.2 million-square-foot property is located in the downtown area and has been undergoing significant renovations. Director Greg Frankum will lead the seven-person team responsible for leasing the office space.

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    Worth more than $450 million, the combined portfolio now includes 14 hotel properties with premier brands, most of which are located in Texas.

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  • Faris Lee Closes Stockton Retail Deal

    West Hammer sold the 15,314-square-foot multi-tenant retail strip center for $7.1 million. The 1031 exchange buyer was attracted to the asset’s location and the triple-net lease structure.

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    Unemployment rates were higher in August in only eight states, lower in one state, and stable in 41 states and D.C., according to the Bureau of Labor Statistics latest jobs report.

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    Stratus Development Partners is planning to begin construction on the two properties in Sonoma County and Napa Valley in September.

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