Property Type

Britt-Scripps House in San Diego Sells for $2.9M

by Nellie Day November 13, 2014

SAN DIEGO – Britt-Scripps House, a 5,174-square-foot commercial property in San Diego, has sold to Neo Romax Inc. for $2.9 million. The property is located at 406 Maple Street. The original structure was built in 1887 as a three-story, nine-bedroom property. It received a historical site designation in 1971. Britt-Scripps House became a bed and breakfast after undergoing an extensive renovation between 2002 and 2005. The property features a lobby, parlor, dining room, commercial-grade kitchen, carriage house, garage storage, garden wedding and reception area, and the first-ever camphor tree to be planted in North America. The property has been closed for three years. The new buyer plans to re-open it as a bed and breakfast. Bud Marsh and Rita Lancaster-Hannah of Colliers International represented both the buyer and seller, Alec H. Esker Living Trust, in this transaction.

November 13, 2014

California Office Western

Vinci Academy Leases 10,127 SF in Century City

by Nellie Day November 13, 2014

LOS ANGELES – Vinci Academy has leased 10,127 square feet in Century City. It will occupy the entire third floor of a 46,247-square-foot office building. The four-story building is located at 1940 Century Park East in the Los Angeles submarket. The daycare center will also construct a 4,000-square-foot outdoor play area on the roof of the building’s parking garage, which is connected to the property. Construction is scheduled for completion next March. Vinci was represented by CBRE’s Matt Perlmutter. The landlord is the Gillis Family Partnership.

November 13, 2014

California Multifamily Western

Burbank Apartment Community Sells for $8.4M

by Nellie Day November 13, 2014

BURBANK, CALIF. – A 30-unit apartment building in Burbank has sold to a private investor for $8.4 million. The community is located at 1735 Peyton Ave. It was built in 1988. Warren Berzack of Berzack Investment Property Advisors and Lee & Associates-LA North/Ventura represented the buyer. He also represented the seller, another private investor, along with fellow Lee principals George Yessaie and Stephen Geiger.

November 13, 2014

California Retail Western

Barre3 Leases Ground-Floor Retail Space at Colonnade in Los Altos

by Nellie Day November 13, 2014

LOS ALTOS, CALIF. – Barre3 has leased 1,460 square feet of ground-floor retail space at the Colonnade apartment community in Los Altos. The exercise studio, which blends ballet with yoga and pilates, will open early next year. Other retail tenants at Colonnade include the Vitamin Shoppe and Jos. A. Bank. The community’s retail space is now 85 percent leased. Colonnade also features 167 luxury apartment units that will begin leasing early next year. Barre3 was represented by Ryan Warner of Meacham/Oppenheimer. The landlord and developer, a joint venture between Pritzker Realty Group and Sares Regis Group of Northern California, was represented by Randol Mackley and Steve Gazzera of SRS Real Estate Partners.

November 13, 2014