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Emerald Communities to Add 42 Units to CCRC in Seattle Suburbs

REDMOND, WASH. — Emerald Communities, a nonprofit seniors housing operator, has announced plans to add a new neighborhood named The Courtyard to its Emerald Heights continuing care retirement community in the Seattle suburb of Redmond. The Courtyard will feature a three-level, 69,998-square-foot building atop a 34,107-square-foot parking structure. It will add 42 new units to the community, surrounding a pedestrian plaza that connects to the property’s existing nature..

April 26, 2017

Coldwell Banker Commercial SC Completes Office Expansion in San Diego’s UTC Area

SAN DIEGO — Coldwell Banker Commercial SC (CBC-SC ) has completed its expansion into a 4,000-square-foot space at the newly revamped Executive Square Plaza in the University Towne Center (UTC) area of San Diego. CBC-SC’s president, Brandon Sudweeks, says this expansion is part of the firm’s larger strategy within the San Diego region. The firm has grown from three agents just a few years ago to more than 30 agents in three offices. CBC-SC plans to add a few more agents to its newly..

April 26, 2017

Dog Haus Plans 300 New Locations Over Next Seven Years

PASADENA, CALIF. — Dog Haus, a Pasadena-based gourmet hot dog, sausage and burger concept, has signed a development agreement with American Development Partners. The agreement includes the construction of over 300 new Dog Haus franchise locations in 12 states over the next seven years. The new locations will be built on land primarily purchased for built-to-suit and standalone Dog Haus Biergarten concepts, and will be operated by franchisees with multi-unit and multi-brand experience. The..

April 26, 2017

Integral Senior Living to Manage Memory Care Community in Santa Barbara

SANTA BARBARA, CALIF. — Integral Senior Living (ISL), a seniors housing operator, has been chosen to manage The Oak Cottage of Santa Barbara, a memory care community in Santa Barbara. This will be the California-based operator’s first community in Santa Barbara.

April 26, 2017

CBRE Arranges $33.3M Sale of BeachWalk Shopping Center in Solana Beach

SOLANA BEACH, CALIF. — CBRE has arranged the $33.3 million sale of BeackWalk, a 54,973-square-foot shopping center located in Solana Beach. Tenants at the center include California Pizza Kitchen, Alfonso’s of La Jolla, Rubio’s Coastal Grill and Banfield Pet Hospital. John Read, Philip Voorhees, Jimmy Slusher and Kirk Brummer of CBRE represented the buyer, a fund manager based in Chicago. The same team from CBRE, alongside Reg Kobzi of CBRE’s San Diego office, represented the seller,..

April 25, 2017

FPA Multifamily, PCCP Sell Las Palmas Apartments in Vista for $20.9M

VISTA, CALIF. — An unnamed buyer has acquired the 140-unit Las Palmas apartments in the San Diego submarket of Vista for $20.9 million. The community is located at 300 W. Los Angeles Drive. Las Palmas has floor plans ranging from one- to three-bedroom units. Amenities include a pool, fitness center, community lounge and covered parking. Chris Zorbas of IPA represented the buyer. JLL’s Darcy Miramontes and Kip Malo represented the sellers, FPA Multifamily and PCCP, in this transaction.

April 25, 2017

Creative Office, Industrial Property Changes Hands in Carlsbad

CARLSBAD, CALIF. — A high-net-worth 1031 exchange buyer has purchased a 64,165-square-foot creative office and industrial property in Carlsbad. The asset is located at 5858 Dryden Place. The space was 98 percent leased to 44 tenants. It includes a high-end creative office portion that serves as executive suites and a warehouse space currently occupied by the International Floral Trade Center. CBRE’s Matt Pourcho, Gary Stache and Anthony DeLorenzo represented the seller, Sunroad..

April 25, 2017

West Linn Plexes Apartments in Oregon Sells for $1.9M

WEST LINN, ORE. — An unnamed buyer has acquired the 10-unit West Linn Plexes apartments for $1.9 million. The community is located at 4355 Riverview Ave. in West Linn. Each duplex consists of three-bedroom and 1.5 bath townhomes that span 1,350 square feet over three floors. Teresa Robles-Trakul of Marcus & Millichap partnered with the Rhoades-Corso Group to secure the buyer. The group also represented the seller, a limited liability company.

April 25, 2017

Oracle Leases 16,000 SF of Office Space in Oakland

OAKLAND, CALIF. — Oracle has signed a six-year lease for 16,000 square feet of space in downtown Oakland. The space is located at 1330 Broadway. Oracle will occupy the 17th and 18th floors of the 313,000-square-foot office building. The new lease continues the cloud applications and platform services provider’s expansion into the East Bay. The landlord, TMG Partners, recently renovated the building. This included a new main lobby and building entrance, common area finishes, elevator..

April 25, 2017

Bebe to Close All 168 Remaining Stores, Switch to Online-Only Model

BRISBANE, CALIF. — Women’s retailer Bebe has announced it will close all 168 of its remaining stores. The company plans to move to an online-only model. Bebe entered into an agreement with Great American Group and Tiger Capital Group to sell all its merchandise and inventory, as well as certain of its subsidiaries located in its existing retail stores. The store closures should be complete by the end of May, according to a recent SEC filing. Bebe was founded in 1976. It operates Bebe,..

April 24, 2017