San Francisco Hospitality Group Divests Boutique Hotel in Japantown

San Francisco Hospitality Group Divests Boutique Hotel in Japantown

CBRE recently arranged the $7.3-million sale of Sutter Mansion, a 12‑key boutique hotel at 1409 Sutter St. in San Francisco’s Japantown/Pacific Heights area, to a confidential buyer. Alex Lee‑Bull and Lauren Lamb with CBRE Hotels in San... Read more »
Pebblebrook Divests West Hollywood Hotel for M

Pebblebrook Divests West Hollywood Hotel for $43M

Pebblebrook Hotel Trust completed the sale of the 115-key Chamberlain West Hollywood Hotel to an undisclosed third party for $43.5 million. The buyer provided partial consideration for the hotel in the form... Read more »
CIM Group Divests Greenwich Village Boutique Offices for M

CIM Group Divests Greenwich Village Boutique Offices for $46M

Newmark arranged the sale and financing of 88 University Pl., a 100,000-square-foot Beaux-Arts office building with ground-floor retail located in Greenwich Village. A joint venture between newly formed Bulldog Real Estate Partners and... Read more »
MBK Rental Living Divests Class A Multifamily in Duarte

MBK Rental Living Divests Class A Multifamily in Duarte

MBK Rental Living has completed the sale of its Esperanza at Duarte Station, a 344-unit new transit-oriented Class A apartment community in Duarte, to an undisclosed buyer. Developed as a joint venture of MBK Rental... Read more »
Hudson Pacific Divests Element LA Campus for 1M

Hudson Pacific Divests Element LA Campus for $231M

Hudson Pacific Properties, Inc. has sold Element LA, a 284,000-square-foot office campus located in West Los Angeles. The REIT sold the property for $150 million and received a separate $81-million payment for... Read more »
CP Capital Divests New-Construction Apartments in Pomona

CP Capital Divests New-Construction Apartments in Pomona

Real estate manager CP Capital on Thursday announced the sale of The Gabriel, a four-story, 312-unit apartment community in Pomona. The buyer and sale price were not disclosed. Completed in 2022, the property at... Read more »
Skanska Divests Newly Built L.A. Offices for M

Skanska Divests Newly Built L.A. Offices for $71M

Skanska has sold 9000 Wilshire, an office building it developed in Beverly Hills, to a company based in Europe for approximately $71 million. Completed earlier this year, the project broke ground in 2020 and represents... Read more »
Skanska Divests Newly Built L.A. Offices for M

Decron Divests Thousand Oaks Portfolio for $171M

Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged the $171.25-million sale of a two-property, 399-unit multifamily portfolio in Thousand Oaks. The portfolio includes Los Robles Apartments, a 253-unit asset... Read more »