Regions West
Pacific Office Properties Closes $40M Credit Facility
Aug 27, 2008

Pacific Office Properties Trust Inc. has announced that it has closed on a revolving credit facility with KeyBank National Association that has a maximum amount of $40 million. Proceeds will be used to acquire opportunistic and value-added office properties in partnership with institutional co-investors and for general corporate purposes.

 
Recent West Headlines
$300M California Hospital Expansion Gets Nod from City Council
Nov. 26, 2008
The City Council of Valencia, Calif., has approved the $300 million expansion plan for Henry Mayo Newhall Hospital, under which the facility will gain a new patient wing and three additional medical buildings, along with a helipad and new parking structures.
FDIC to Open Temp Office to Handle Resolutions, Receivership Operations
Nov. 19, 2008
The Federal Deposit Insurance Co. is temporarily taking 200,000 square feet of office space at 40 Pacifica Place in Irvine, Calif., to manage receiverships and to liquidate assets from failed financial institutions, mostly in the Western United States.
Gaylord Nixes Plans for $1B San Diego-Area Resort
Nov. 19, 2008
Tennessee-based Gaylord Entertainment has pulled out of a plan to develop a $1 billion resort in Chula Vista, Calif., but the firm claims the project’s abandonment was not caused by the frozen debt markets that have wreaked havoc on developments across the nation.
Boston Properties Closes $375M Financing of Four Embarcadero Center
Nov. 19, 2008
Using the proceeds to pay down its unsecured line of credit, Boston Properties Inc. has closed on an eight-year, $375 million loan secured by Four Embarcadero Center in San Francisco. The loan was provided by a syndicate of life insurance companies and bears interest at a fixed rate of 6.10 percent annum.
Report: Climate Change Puts California Real Estate, Economy at Risk
Nov. 17, 2008
While the real estate sector continues to take a beating by economic forces, there may be yet another peril on the horizon that could harm the industry just as much--if not more.