California

SAN DIEGO — BLT Enterprises has purchased Sorrento Tech II, a 63,333-square-foot office and R&D campus in the San Diego submarket of Sorrento Mesa for $12.6 million. The two-building campus is located at 10140 and 10180 Barnes Canyon Road. The space was renovated in 2014. It is 87 percent leased. Ron Jacobson of Madison Partners represented BLT in the transaction. Sean Fulp and Brunson Howard of NGKF Capital Markets represented the undisclosed seller.

LOS ANGELES — Kids from the Valley XIV has purchased a production and entertainment facility in the Los Angeles submarket of Simi Valley for $11 million. The Class A office complex is located at 101 W. Cochran St. The buyer has formed Anjac Studios West to operate its new facility, which will continue to be used for a wide variety of production-related activities. The office portion of the property was built in 1991 with the studio complex built in 2000. Keller Williams Realty Calabasas represented the buyer. Dennis Slattery and Stacy Vierheilig-Fraser of Charles Dunn Company represented the seller, the Adventist Media Center, in this transaction.

CENTURY CITY, CALIF. — Post Advisory Group has relocated from the Water Garden in Santa Monica, where it has been housed for seven years, to 2049 Century Park E. in Century City, one of the Century Plaza Towers. The financial services firm signed a 10-year lease for the 30th floor of the 1.2-million-square-foot tower. It will occupy 17,707 square feet beginning in December of this year. This represents an expansion for Post Advisory Group. CBRE’s Amanda Calof represented the landlord, JP Morgan. Andy Lustgarten and Mark Sullivan of Savills Studley represented Post Advisory Group.

INGLEWOOD, CALIF. — Wireless Watchdogs has purchased a 14,566-square-foot office/flex building in Inglewood for an undisclosed sum. The building is located at 317 S. Isis Ave. It was built in 1985. The wireless expense management firm plans to renovate a portion of the office space to use for its corporate headquarters. Ryan Harding of Newmark Grubb Knight Frank represented the buyer, while the seller, Altemus Co., was self-represented.

SAN FRANCISCO — Blackstone has purchased Market Center, a 753,000-square-foot office project in downtown San Francisco, for an undisclosed sum. The two-building project is located at 555 and 575 Market St. The campus was 93 percent leased at the time of sale. Market Center is home to Uber, TIBCO Software, PNC Bank and Bank of San Francisco. It will soon serve as the Northern California regional headquarters for Equity Office. Equity Office, a wholly owned affiliate of Blackstone Real Estate Partners, will manage the on-site team. Blackstone represented itself in the transaction, while Eastdil Secured represented the seller, John Hancock Real Estate, the U.S. division of Manulife Financial Corporation. CBRE’s Bill Cumbelich, Tom Poggi and Alexis Walsh will handle leasing.