California

Bank of China USA Provides $87M Loan to Loews Regency San Francisco

by Nellie Day October 27, 2015

SAN FRANCISCO — Bank of China USA has provided an $87 million loan to the 155-room Loews Regency San Francisco. The planned use of the financing was not disclosed. The hotel was formerly known as the Mandarin Oriental San Francisco, and converted to the Loews Regency brand after Loews Hotels purchased the asset in April. Loews Regency San Francisco is located on floors 11 through 48 of 345 California Center at 222 Sansome St. in the Financial District. It is within walking distance of Union Square and Fisherman’s Wharf. The hotel features Brasserie S&P, more than 5,000 square feet of meeting space and a new 8,000-square-foot spa and fitness center. JLL’s Mike Huth, John Manning, Kevin Davis and Alex Witt arranged the transaction.

October 27, 2015

California Multifamily Western

Fred Sands of Sands Realtors, Vintage Capital Group Passes Away

by Nellie Day October 27, 2015

LOS ANGELES — Fred Sands, the founder of Fred Sands Realtors and Vintage Capital Group, died Friday, Oct. 23. He was 77. Sands became Coldwell Banker’s top-producing real estate agent in 1968 before opening his first Fred Sands Realtors office in Brentwood. The business became the second largest real estate and financial services company in California. It owned and operated entities in title insurance, home warranty, mortgage banking and escrow. Fred Sands Realtors employed 4,000 people throughout its network of offices and franchised operations, generating $9.4 billion in sales volume annually. Sands eventually opened more than 72 offices across California and Nevada before Coldwell Banker acquired the company in 2000. He then headed up Vintage Capital Group in 2001. Sands is survived by his wife, Carla, and his son and daughter, Jonathan and Alexandra.

October 27, 2015

California Mixed-Use Office Western

ASB, Blatteis & Schnur Break Ground on At Mateo Mixed-Use Project in Los Angeles

by Nellie Day October 27, 2015

LOS ANGELES — ASB Real Estate Investments and Blatteis & Schnur have broken ground on At Mateo, an $80 million mixed-use project in downtown Los Angeles. The project will be located at the corner of Palmetto and Mateo streets in the Arts District. At Mateo will include nearly 125,000 square feet of open-air retail and 50,000 square feet of creative office space that will be situated in four buildings on a former 3.5-acre industrial site. It will be designed with re-purposed materials, including bricks, cobblestones and laminated beams, as a homage to the Arts District. The project will eventually include 30 to 35 chef-driven restaurants, eateries, boutiques and retail stores. At Mateo is scheduled for completion in the fourth quarter of 2016. Architect Keith Ray master planned the development.

October 27, 2015

California Loans Office Western

HFF Arranges $42.7M Refinancing for Samaritan Medical Tower in Los Angeles

by Nellie Day October 27, 2015

LOS ANGELES — HFF has arranged a $42.7 million loan for Boulevard Investment Group to refinance Samaritan Medical Tower, a 146,354-square-foot medical office building in Downtown Los Angeles. The tower is located at 1127 Wilshire Blvd. The building is situated directly across the street from Good Samaritan Hospital, a 408-bed academic medical center affiliated with both USC’s and UCLA’s schools of medicine. Samaritan Medical Tower was originally built in 1964. It was extensively renovated in 2000 and 2014. The 10-year, fixed-rate CMBS loan features interest-only payments throughout the entire term. HFF’s Marc Schillinger worked on behalf of the borrower.

October 27, 2015

California Office Western

Montana Avenue Capital Buys El Segundo Office Building for $33.5M

by Nellie Day October 26, 2015

EL SEGUNDO, CALIF. — Montana Avenue Capital has purchased a 119,484-square-foot office building in El Segundo for $33.5 million. The building is located at 1700 Walnut Ave. It is currently 99 percent leased to tenants like Fuhu and iSupply. CBRE’s Kevin Shannon, Ken White and Mike Moore represented the seller, USAA Real Estate.

October 26, 2015

California Industrial Western

Totex Manufacturing Buys Industrial Facility in Torrance for $9.8M

by Nellie Day October 26, 2015

TORRANCE, CALIF. — Totex Manufacturing has purchased a 71,496-square-foot industrial facility in Torrance for $9.8 million. The space is located at 3040-3050 Lomita Blvd. The battery pack and charger manufacturer plans to occupy the space by January 2016. It was formerly occupied by General Motors. Todd Taugner, Frank Schulz, David Prior and Patricia Wisman of the Klabin Company represented Totex. Colliers International represented the seller, Lomita Partners.

October 26, 2015

California Office Western

Securitas Security Services USA Renews Lease at Westlake Spectrum in Los Angeles

by Nellie Day October 26, 2015

LOS ANGELES — Securitas Security Services USA has renewed its lease for 72,610 square feet at Westlake Spectrum in the Los Angeles submarket of Westlake Village. The new 12-year lease is valued at more than $25 million. CBRE’s Michael Slater and Tom Dwyer represented the landlords, Barker Pacific Group and Rockwood Capital. Richard Bright and Ryan Bright of the same firm represented Securitas.

October 26, 2015

California Colorado Retail Western

Vitality Bowls to Open Three New Locations

by Nellie Day October 26, 2015

SAN RAMON, CALIF. — San Ramon-based Vitality Bowls, a superfood café, is set to open three new locations in Colorado and California. New restaurants include a 1,400-square-foot location at Cherry Creek Shopping Center in Denver, Colo.; a 1,100-square-foot location at 19700 Vallco Parkway in Cupertino, Calif.; and a 796-square-foot location at 20668 Rustic Dr. in Castro Valley, Calif. These openings come as part of a plan to open 100 locations by the end of 2016.

October 26, 2015

California Industrial Western

Tamrac Headquarters in Chatsworth Changes Hands

by Nellie Day October 23, 2015

CHATSWORTH, CALIF. — Dan Selleck of Selleck Development Group has acquired a 55,000-square-foot building in Chatsworth that served as the Tamrac company’s headquarters building and primary manufacturing facility. It was listed at $6.5 million. The space is located at 9420 Jordan Ave. It contains 27,000 square feet of R&D space and a two-story office totaling 28,000 square feet. Tamrac is a camera case manufacturer. Bart Pucci and Scott Katcher of Savills Studley’s downtown Los Angeles office represented the sellers.

October 23, 2015

California Retail Western

Chase Bank Building in Lake Elsinore Sells for $4.4M

by Nellie Day October 23, 2015

LAKE ELSINORE, CALIF. — Progressive Real Estate Partners has arranged the sale of a Chase Bank located at 31575 Canyon Estates Drive in Lake Elsinore. It sold for $4.4 million, at a capitalization rate of 4.29 percent. Frank Vora of Progressive Real Estate Partners represented the seller, while CBRE’s Don LeBuhn the buyer, a San Francisco-based private investor.

October 23, 2015

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