REBusinessOnline

Hunter Properties Sells Phase I of Coleman Highline Mixed-Use Campus in San Jose to Blackstone REIT for $275M

SAN JOSE, CALIF. — Cupertino, Calif.-based Hunter Properties has completed the sale of Phase I of Coleman Highline, a 1.75 million-square-foot, mixed-use campus in San Jose.The transaction included two office buildings totaling 360,000 square feet and fully leased to Roku, an amenities building and parking structure. Upon full build out, the Coleman Highline will total eight office buildings, a 175-room hotel and 115,000 square feet of amenity and retail

US Divers Co. Divests of 134,299 SF Industrial Building in Vista, California

VISTA, CALIF. — US Divers Co. has completed the disposition of an industrial property located at 2340 Cousteau Court in Vista. Elion ACQ acquired the asset for $22 million.Situated on 8.9 acres, the 134,299-square-foot building features 24,000 square feet of office space, heavy power, eight dock doors, four grade-level doors and 26-foot clear heights. The seller intends to leaseback the facility for one year before relocating to a new location.Rusty Williams, Chris Roth, Greg Pieratt …

Blue Sky Buys 99,000 SF Medical Office Building in Carmichael, California

CARMICHAEL, CALIF. — Blue Sky has purchased a medical office property located at 6555 Coyle Ave. in Carmichael. A private investment group sold the asset for an undisclosed price.Situated on Mercy San Juan Medical Center campus, the building features 99,000 square feet of specialty medical office space. Dignity Health is a tenant at the property. Blue Sky acquires, builds, finances and operates facilities for and on behalf of mission-based organizations to deliver optimate cost savings …

San Diego City Council Approves 200-Acre Riverwalk Mixed-Use Project

SAN DIEGO — The San Diego City Council has unanimously approved the 200-acre Riverwalk San Diego mixed-use project. Developer Hines plans to transform the existing Riverwalk golf course in western Mission Valley into a transit-oriented development. Project costs are estimated at $3 billion, according to The San Diego Union-Tribune.A new San Diego Metropolitan Transit System Green Line trolley stop and town square will anchor the project. Hines expects to break ground in the second half of …

TJL Properties Sells East Bay Area Industrial, Office Facility for $50.1M

RICHMOND, CALIF. — TJL Properties has completed the disposition of a light industrial warehouse and office facility located in the East Bay community of Richmond. An institutional investor acquired the asset for $50.1 million.Situated on 12.3 acres at 700-702 National Court, the asset features 267,500 square feet of light industrial and office space. The property comprises a 250,500-square-foot industrial warehouse and a 17,000-square-foot office building. The industrial component …

Invesco Completes Phase I Redevelopment of Former LA Times Facility in Orange County

COSTA MESA, CALIF. — Invesco Real Estate, along with Steelwave and 5_Ronin, has completed the base build for Phase I of The Press in Costa Mesa. The development team is transforming the former Los Angeles Times newsroom, printing press and distribution facility into a mixed-use creative work campus and social hall.Upon completion in fourth-quarter 2020, the project will offer 380,856 square feet of modern creative office space and 50,909 square feet of retail space. Situated on 24 acres …

Oakmont Opens 85-Unit Assisted Living Community in Novato, California

NOVATO, CALIF. — Oakmont Senior Living has opened Oakmont of Novato in the San Francisco suburb of Novato.Oakmont of Novato is the third Oakmont Senior Living community to be built and opened during the 2020 pandemic. The 72,614-square-foot community sits on nearly three acres and features 49 assisted living and 36 memory care apartments.Oakmont of Novato is close to shopping, fine dining, and arts and

Progressive Real Estate Brokers $6.2M Sale of Shell Gas Station, Circle K Property in Southern California

BLOOMINGTON, CALIF. — Progressive Real Estate Partners has arranged the sale of a retail property located at 2128 S. Riverside Ave. in Bloomington. Shell Gas Station and Circle K Convenience Store occupy the property, which was built in 2001.A Corona-based private investor sold the property to a Riverside County-based private investor for $6.2 million. The acquisition included both the business and the real estate. The buyer operates multiple ARCO gas stations throughout …

Webinar: San Diego Mixed-Use Outlook — Planning and Developing Mixed-Use Projects in the San Diego Market

The "San Diego Mixed-Use Outlook — Planning and Developing Mixed-Use Projects in the San Diego Market" webinar, hosted by Western Real Estate Business, brings together industry leaders to discuss how mixed-use has become one of the most active property types throughout the market, spurring new developments and the redevelopment of existing properties — and how COVID-19 is impacting the sector.In this three-part presentation, there will be an in-depth discussion of plans for Horton …

C.W. Driver Completes $36M Orange Coast College Kinesiology, Aquatics Pavilion in Costa Mesa, California

COSTA MESA, CALIF. — C.W. Driver Cos. has completed the construction of the Kinesiology and Aquatics Pavilion at Orange Coast College (OCC) in Costa Mesa. The three-building, 88,000-square-foot athletics center features expanded and modernized space for a variety of OCC programs, including physical education, athletics, sports medicine and kinesiology studies.Built in two phases, the initial stage included new construction of a 58,000-square-foot, multi-building complex, while Phase II …

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