Commercial Real Estate News
Pasadena’s Alexandria Real Estate Buys Landmark Office Property in Seattle

Image courtesy of Equity Office Alexandria Real Estate Equities in Pasadena has acquired the 5th & Bell Building in Seattle for $95 million. Alexandria bought the building from Blackstone, which acquired the building from Hines for almost $93 million, part of a larger portfolio sale less than two years ago. The sale was reported on the Daily Journal of Commerce website. Fifth & Bell is…

Coretrust Acquires Pasadena’s Largest Office Campus

Coretrust Capital Partners LLC has purchased Corporate Center Pasadena, a four-building site on South Lake Avenue that is said to be the largest office campus in the city. The campus sits on a six-acre city…

ACCO Buys New Headquarters Building in Pasadena for $112 Million

ACCO Engineered Systems, which designs, fabricates, installs and maintains commercial and industrial HVAC, refrigeration, plumbing, process piping, and building automation systems, has acquired the former OneWest Bank headquarters building in Pasadena for a reported $112…

Cotton Medical Center in Pasadena Receives National Award for Excellence in Healthcare Real Estate

Cotton Medical Center, a 115,000-square-foot, two-building medical office complex near the Huntongton Hospital in West Pasadena, has been awarded the prestigious 2017 HREI Insights Award in the category of Best Renovated or Repurposed Healthcare Facility,…

The Theo, New Six-Story Residential Facility, Rises Near Historic Pasadena House

Construction is now underway on a new 105-unit multifamily building at 289 North El Molino Avenue in Pasadena.. Dubbed as The Theo, the building is close to the Theodore Parker Lukens House, according to a…

Pasadena Contractor for $140 million Newport Beach Civic Center Agrees to Reimburse City $365,000

A Pasadena-based contractor C.W. Driver has reportedly agreed to reimburse Newport Beach the amount of $365,000 after an audit revealed the company had overbilled the…

Stream Realty Partners Awarded Exclusive Leasing and Management of 199 South Los Robles

Laurus Corporation, a private real estate investment and development firm, recently awarded the exclusive leasing and management of 199 South Los Robles, a Class A,…

Marron Appointed as CEO at Strategic Venue Partners

Justin Marron Pasadena-based Strategic Venue Partners Inc. (SVP), a provider of wireless infrastructure investment and services for enterprise real-estate venues, has named infrastructure investment veteran…

Meridian Names Cypress West as Property Manager of 115,000 Square Foot Newly-Renovated Cotton Medical Center in Pasadena

Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management…

Meridian Buys Medical Office Building in Pasadena for $37.5 Million

Meridian, a full service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of Cotton Medical Center, a 115,000-square-foot medical office complex in Pasadena, California. The sale price was $37.5 million. This purchase represents the largest building acquisition for Meridian and Meridian’s eighth medical office building transaction in the last 12 months. Cotton Medical Center is located near the Huntington Memorial Hospital, one of Southern California’s strongest hospital providers, and adjacent a new Shriners Hospitals for Children under construction. The 2.8-acre office complex consists of a four-story, 52,000-square-foot…

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