Office

BURBANK, CALIF. — All for Health, Health for All Inc. has purchased an office property located at 601-697 Glenoaks Blvd. in Burbank from 601 Glenoaks LLC for $15.7 million. Kyle Barratt, Mark Perry, Edward Matevosian and Michell Tutor of CBRE, in collaboration with Scott Romick of Lee & Associates, represented the seller, while LA Premier Group represented the buyer in the transaction. The asset comprises a four-story 68,531-square-foot building, a single-story 9,457-square-foot building and a multi-level, semi-subterranean parking structure with 250 spaces. At the time of sale, the property was 62 percent leased. The value-add opportunity offered the buyer the ability to occupy the vacant portion of the building for its own operations.

SAN DIEGO — Lincoln Property Co. has purchased AMP&RSAND at 350 Camino De La Reina in San Diego from CIM Group for $92 million. Matt Carlson and Hunter Rowe of CBRE facilitated the sale, and Scott Peterson, Michael Kolcum and Colby Matzke of CBRE secured financing for the acquisition. Originally the home of the San Diego Union-Tribune for more than 40 years, the 13-acre site has been renovated into a Class A creative office campus. The property includes a five-story building and a three-story building totaling 343,202 square feet and connected by a 65-foot steel pedestrian bridge. The campus includes a fitness center, café, large outdoor patios and flexible conferencing spaces.

SAN MATEO, CALIF. — Harvest Properties, in partnership with Stockbridge, has purchased Clearview Business Park in San Mateo in an off-market transaction. The partnership plans to re-entitle the 22-acre property as a for-sale residential community, which will include affordable housing. Located at 3000-3155 Clearview Way, the property currently includes six office buildings, surface and structured parking and is partially leased to GoPro through 2026. Originally constructed in 1973, the campus previously served as Visa International’s headquarters before transitioning to GoPro in 2011. The redevelopment plan includes up to 225 townhomes and single-family homes with 15 percent designated as affordable. The project is expected to provide homes for up to 700 residents spanning multiple income levels.

SAN FRANCISCO — TMG Partners and Bridges Capital have purchased 149 New Montgomery Street, an office building in San Francisco’s South Financial District. The partnership acquired the mortgage loan from U.S. Bank as trustee in August and has now acquired the property through a deed in lieu of foreclosure. Originally built in 1907, the property offers 80,000 square feet of office and ground-floor retail space, including Café Madeleine. The new owners plan to renovate the building.