REAL ESTATE

BH Properties names chief acquisition officer

BY Katherine Boccaccio

Los Angeles —BH Properties has announced the hire of Andrew Van Tuyle as chief acquisition officer. In this role, Van Tuyle will be responsible for the firm’s property and debt acquisitions throughout the Southwest.

“Andrew’s expertise with multifamily and shopping center investments will aid greatly in furthering BH Properties’ investment portfolio,” said Steve Jaffe, executive vice president and general counsel for BH Properties. “The addition of Andrew will certainly help to propel the team as we move forward with our acquisition goals.”

Van Tuyle was previously with BH Properties for more than two years, where he held the position of director of acquisitions and closed nearly 2,000 multifamily units in Arizona. Prior to joining BH Properties, he was COO at Standard Management, a private real estate investment firm.

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REAL ESTATE

CBRE awarded asset management, lease admin contract for Standard Chartered Bank

BY Katherine Boccaccio

Los Angeles —CBRE Group, Inc. has been appointed by Standard Chartered Bank to provide asset management and lease administration services across the bank’s commercial property portfolio.

Under the global contract, CBRE’s Global Corporate Services group will deliver transaction management, estates management, strategy and lease administration services across a portfolio of 15 million sq. ft. in Europe, the Americas, Africa, MENAP (Middle East, North Africa and Pakistan), South Asia, ASEAN, North-East Asia and Greater China.

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Phillips Edison acquires grocery-anchored center in Calif.

BY Dan Berthiaume

Cincinnati — Phillips Edison-ARC Grocery Center REIT II Inc. has acquired Laguna 99 Plaza, adding another property in California to the company's portfolio. Laguna 99 Plaza is an 89,188-sq.-ft.grocery store-anchored shopping center located in Elk Grove, California, part of the Sacramento metropolitan statistical area.

Laguna 99 Plaza is anchored by Walmart Neighborhood Market. Other national and regional tenants at the center include GNC, Metro PCS, and Goodwill.

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