California

NGKF Completes Sale-Leaseback of School Campus in Solana Beach for $6.2M

by Nellie Day July 1, 2016

SOLANA BEACH, CALIF. — Newmark Grubb Knight Frank (NGKF) has arranged the sale-leaseback of a three-building school campus located at 1010 Solana Drive in Solana Beach. LePort Real Estate LLC sold the 15,881-square-foot property to an intermediary for Builders Trust for $6.25 million. The property is fully occupied LePort Educational Institute Inc. Nick Carey, Byron Foss, Wade Tift and Brent Bohlken of NGKF represented the seller, while Commercial Asset Group represented the buyer in the transaction.

July 1, 2016

California Retail Western

Matthews Retail Advisors Negotiates $3.6M Sale of 7-Eleven Property in Carlsbad

by Nellie Day July 1, 2016

CARLSBAD, CALIF. — Matthews Retail Advisors has brokered the sale of a retail property located at 5802 Van Allen Way in Carlsbad. A private family partnership acquired the 3,260-square-foot property from a private seller for $3.6 million. Aron Cline and Matt Coates of Matthews Retail Advisors represented the seller in the deal.

July 1, 2016

California Retail Western

Faris Lee Investments Brokers $5M Sale of Retail Property in Moreno Valley

by Nellie Day July 1, 2016

MORENO VALLEY, CALIF. — Faris Lee Investments has arranged the sale of a Rite Aid property located at 24991 Alessandro Blvd. in Moreno Valley. Karaglanov Trust acquired the asset from P&A Development for $5 million. Built in 1998 and situated on 1.66 acres, the property features 16,730 square feet of retail space. Jeff Conover of Faris Lee represented the seller, while Century 21 Golden Realty represented the buyer in the deal.

July 1, 2016

California Retail Western

GPS Commercial Real Estate Arranges 2,800 SF Lease with 7-Eleven in Oxnard

by Nellie Day July 1, 2016

OXNARD, CALIF. — GPS Commercial Real Estate Services Inc. has arranged the long-term lease of 2,800-square-foot of retail space at 3280 Saviers Road in Oxnard. 7-Eleven will open a location at the site in three to four months. Pamela Scott of GPS Commercial Real Estate represented 7-Eleven in the deal.

July 1, 2016

California Loans Multifamily Western

Universe Holdings Receives $124.7M to Refinance Southern California Multifamily Portfolio

by Nellie Day June 30, 2016

LOS ANGELES — Universe Holdings has received $124.7 million to refinance a seven-property multifamily portfolio in Southern California. The properties contain a total of 559 units. The refinancing program generated $15 million in proceeds for new acquisitions and asset improvement programs. Universe is targeting up to $100 million in new acquisitions this year, according to the firm’s CEO. Properties in the portfolio are the 50-unit Isles of Charm in Los Feliz; the 172-unit Nantucket Creek in Chatsworth; the 53-unit Chateau Lakeside; the 82-unit Chateau Woodley Hart in Van Nuys; the 52-unit Chateau Regent in North Hollywood; the 56-unit Chateau Spring Terrace in La Mesa; and the 94-unit Chateau Spring Hill in La Mesa. HFF’s Charles Halladay arranged the loans through HFF’s Freddie Mac Program Plus® Seller/Servicer Program and Sabal Financial’s Freddie Mac Small Balance Program.

June 30, 2016

California Retail Western

SVN | The Kase Group Brokers $25.5M Sale of Home Depot Property in Santa Clara

by Nellie Day June 30, 2016

SANTA CLARA, CALIF. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara. Jacob Abusharkh of SVN | The Kase Group represented the undisclosed seller in the transaction. An undisclosed all-cash buyer acquired the property. The Home Depot has less than four years remaining on its lease.

June 30, 2016

California Retail Western

BRC Advisors Brokers Lease of Restaurant Space in Los Angeles

by Nellie Day June 30, 2016

LOS ANGELES — BRC Advisors has arranged the lease of a restaurant space located at 7807 Beverly Blvd. in Los Angeles. The space is located between Fairfax and La Brea near Farmers Market and The Grove. Elan Kermani of BRC Advisors represented the landlord in the transaction.

June 30, 2016

California Retail Western

Retail California Arranges Three Retail Leases Totaling 11,459 SF in California

by Nellie Day June 29, 2016

KERMAN, CLOVIS AND FRESNO, CALIF. — Retail California has arranged the leases of three retail properties totaling 11,459 square feet in California. In the first deal, Hernwal, doing business as Deli Delicious, leased 1,329 square feet of retail space at 14053 Whitesbridge Ave. in Kerman from CFT NV Developments LLC. Lewis Smith of Retail California and Nathan Negri of Commercial Retail Associates arranged the transaction. In the second deal, Personal Express Insurance signed a lease for 1,800 square feet of retail space at 1660 Herndon Ave. in Clovis from Buchanan Crossroads LLC. Michael Arfsten of Retail California, along with Shane Anderson of Commercial Retail Associates, brokered the deal. In the final transaction, Family Dollar Inc. leased 8,330 square feet of retail space at the northeast corner of Venture Avenue and 11th Street in Fresno from FD Partners LLC. John Lee and Lewis Smith of Retail California brokered the deal.

June 29, 2016

California Retail Western

Storm Properties Acquires Redondo Plaza in Gardena

by Nellie Day June 29, 2016

GARDENA, CALIF. — Storm Properties Inc. has acquired Redondo Plaza, a grocery-anchored shopping center located in Gardena, roughly 16 miles south of Los Angeles. The price was not disclosed. Smart & Final anchors the fully occupied center, which is also home to tenants including Super Laundry, Crazy Rock’n Sushi, T-Mobile, Domino’s Pizza and Jackson Hewitt Tax Services. Gleb Lvovich, CJ Osbrink and Bryan Ley of HFF represented the seller, Gerrity Group, in the transaction.

June 29, 2016

California Healthcare Western

Centers Business Management Arranges 3,000 SF Lease in Arleta

by Nellie Day June 29, 2016

ARLETA, CALIF. — Centers Business Management (CBM) has arranged the lease of 3,000 square feet of space at 9700 Woodman Ave. in Arleta. Kahen & Kahen MD Inc. leased the space from Regency for an urgent care center. CBM represented the landlord, while Alex Shabani of CBM represented the tenant in the transaction.

June 29, 2016

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