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NKF Arranges Sale of Target-Anchored Shopping Center in Southern California

ORANGE, CALIF. — NKF Capital Markets has arranged the sale of Rusty Leaf Plaza, a neighborhood shopping center located at 2512 E. Chapman Ave. in Orange. A joint venture between Canyon Catalyst Fund and Paragon Commercial Group sold the property to Inland Real Estate Acquisitions for an undisclosed price in an off-market transaction. At the time of sale, the center was 98 percent occupied. Anchored by Target, the retail center also features a mix of service, medical and fast casual..

February 16, 2018

Faris Lee Brokers $21M Sale 66,958 SF Retail Center in Torrance, California

TORRANCE, CALIF. — Faris Lee Investments has arranged the sale of Southwood Village, a neighborhood retail center located at 22214-22251 and 22217-22251 Palos Verdes Blvd. and 5230 Sepulveda Blvd. in Torrance. Los Angeles-based BIG Shopping Centers USA sold the property to a private investor for $21 million. Situated on 5.5 acres, the 66,958-square-foot property was built in the 1950s and renovated in 2013. At the time of sale, the property was 97 percent occupied by major tenants,..

February 16, 2018

Pluralsight to Occupy 350,000 SF Office Space in Utah for New Headquarters

DRAPER, UTAH — Pluralsight has leased a 350,000-square-foot office property in Draper for its new worldwide headquarters. The space is located at 65 E. Highland Drive in an area known as Silicon Slopes. The enterprise technology learning company will break ground on its new office this summer. Pluralsight will lease the land from the Gardner Co./Staker Co., which owns the property and will develop Pluralsight’s new campus. Pluralsight will consolidate existing operations from..

February 16, 2018

Marcus & Millichap Negotiates $2.8M Sale of 5,000 SF Retail Property in LA

LOS ANGELES — Marcus & Millichap has facilitated the sale of a retail property located at 9563 W. Pico Blvd. in Los Angeles. CRD Pico Associates acquired the property from a private investor for $2.8 million. The property features 5,000 square feet of retail space. Brandon Michaels and Andrew Leff of Marcus & Millichap represented the seller and buyer in the deal.

February 16, 2018

Aldi Food Market Leases 23,931 SF Retail Space in Arroyo Grande, California

ARROYO GRANDE, CALIF. — ALDI Food Market has signed a lease for retail space at the corner of East Grand Avenue and South Elm Street in Arroyo Grande. Grand & Elm Properties leased the 23,931-square-foot space to the grocer. Nick Frechou and Mike Arfsten of Retail California brokered the transaction.

February 16, 2018

Intercontinental Real Estate Corp. Acquires 337,904 SF Office Campus in Burbank for $123.5M

BURBANK, CALIF. — Intercontinental Real Estate Corp. has acquired Connexion Burbank, a 337,904-square-foot office campus in downtown Burbank, for $123.5 million. The three-building urban campus is located at 303 N. Glenoaks Blvd., 333 N. Glenoaks Blvd. and 300 E. Magnolia Blvd. The properties were built in 1983, 1978 and 1984, respectively, and recently underwent a major renovation. The renovation and rebranding, which totaled nearly $8 million, included upgrades to all three lobbies,..

February 15, 2018

Foremost Cos. Buys 100,000 SF Office Building in Pomona

POMONA, CALIF. — Foremost Cos. has purchased a 100,000-square-foot office building in Pomona for an undisclosed sum. The building is located at 901 Corporate Center Drive. The building’s interior is currently improved with classrooms and administrative offices. The asset is situated within the 50-acre University Corporate Center business park. Current owners and tenants at the business park include pharmaceutical, professional offices and businesses, educational, and state and county..

February 15, 2018

Sandpiper Purchases 117-Room Courtyard by Marriott in Reno

RENO, NEV. — An affiliate of Sandpiper LLC has acquired the 117-room Courtyard by Marriott in Reno for an undisclosed sum. The hotel is located at 6855 S. Virginia St. The LLC plans an extensive renovation, which will start this fall. It will include upgrades to the exterior façade, guestrooms, lobby and bistro. Sandpiper was attracted to the hotel’s in-place cash flow and location. Teague Hunter, Danny Givertz and Trey Scott of Hunter Hotel Advisors executed the transaction.

February 15, 2018

Avamere Assumes Management of Five Assisted Living Communities in Pacific Northwest

WILSONVILLE, ORE. — The Avamere Family of Companies, a Wilsonville-based operator, has taken over management of five Colony NorthStar Healthcare Income-owned assisted living communities in Oregon and Washington. The management partnership includes: Avamere at Albany, Albany, Ore. Avamere at Oak Park, Roseburg, Ore. Avamere at Cascadia Village, Bremerton, Wash. Avamere at Wenatchee, Wenatchee, Wash. Avamere at Port Townsend, Port Townsend, Wash. The Avamere Family..

February 15, 2018

Dick’s Sporting Goods Opens Four New Stores in February

SANTA MONICA, CALIF. — Dick's Sporting Goods, the largest U.S.-based, omni-channel sporting goods retailer, will open four new Dick's Sporting Goods stores in February. The new stores are opening this month in Santa Maria, Calif.; Evansville, Ind.; Baxter, Minn.; and Warwick, R.I. The company will now have 721 Dick's Sporting Goods stores nationwide in 47 states. Founded in 1948, Dick's Sporting Goods Inc. operates more than 715 Dick's Sporting Goods locations across the United..

February 15, 2018