Western

Old Chicago Pizza & Taproom Plans to Refresh 37 Restaurants

by Nellie Day August 1, 2016

BROOMFIELD, COLO. — Old Chicago Pizza & Taproom’s franchise partners are reinvesting an average of $150,000 into refreshing 37 existing franchised restaurants. This effort will include renovations to the interior and exterior, as well as to the dining room and beer equipment. Upgrades to beer equipment and systems include a new tap tower, glass mug coolers, stainless glass storage cabinet and stein racks. The restaurants will also now display its beer menu on a mounted, 60-inch LCD screen. As part of the refresh, the service team will also undergo extensive beer training. Additional interior renovations include front-of-the-house upgrades to its wall signage and décor, fresh paint, new tabletops and bases, backless barstools and a community table that seats up to 20. Old Chicago’s exteriors will display an updated logo as well as a new exterior monument. To complement the new design elements, the company is now working with Open Table and using its software for all reservation systems. Founded in 1976, Old Chicago operates in 24 states with more than 100 restaurants nationwide. The restaurant chain recently launched its new restaurant prototype — a 5,000-square-foot build with an additional 1,000 to 1,200 square feet of outdoor patio space, a new kitchen and upgraded …

August 1, 2016

Nevada Retail Western

West Elm Opening Landmark Store in Reno

by Nellie Day August 1, 2016

RENO, NEV. — Home furnishings retailer West Elm will open a new store in Reno on August 11, 2016. Occupying 11,000 square feet on the main floor of the former U.S. Post Office building at 50 S. Virginia St., West Elm Reno joins The Basement marketplace, an underground multi-use venue that celebrates hand-crafted food and retail. As part of West Elm’s LOCAL program, products from eight Reno-based makers and designers will be featured with the store’s fall assortment of modern furnishings and décor. West Elm Reno is housed within Reno’s former main post office, built in 1934 and located at the heart of the city’s civic center. Today, the landmark has been restored and stands as a relic of Art Deco style in downtown Reno. Guided by historical preservation, West Elm has incorporated the building’s original architecture and ornate details in the store’s design. Preserved period elements such as the original post office boxes were used to display the West Elm sign behind the register, while motifs from the building’s exterior door pediments were recreated from raw wood and metal materials for the front cash wrap. Headquartered in Brooklyn, N.Y., West Elm operates 89 retail stores in the United States, …

August 1, 2016

California Healthcare Office Top Stories Western

Marin County Breaks Ground on $535M Marin General Hospital Replacement Near San Francisco

by Nellie Day August 1, 2016

SAN RAFAEL, CALIF. — Marin County officials have broken ground on MGH 2.0, the $535 million replacement for Marin General Hospital in the Greenbrae submarket of San Rafael, just across the Golden Gate Bridge from San Francisco. The original hospital opened in 1952. It will continue to operate throughout the construction process. Phase I of MGH 2.0 will include two new towers that house 114 private rooms, an expanded emergency department and six new operating/procedural suites. The buildings will feature rooftop gardens, balconies and natural light in every patient room to support a healing environment for patients and families. The new facilities are scheduled to open to patients in mid-2020. Once Phase I is complete, work will commence on a five-story, 100,000-square-foot ambulatory services building and a second parking structure. The project team has already completed MGH 2.0’s first parking facility, a five-level structure with rooftop solar panels that will be functional for both the current and future hospitals. McCarthy Building Cos. is building the hospital, which Perkins Eastman designed. The hospital is represented by Vertran Associates, which specializes in healthcare capital projects and provides project management. — Nellie Day

August 1, 2016

California Retail Western

Regency Centers, Target Sell 49.2-Acre Land Parcel in Murrieta

by Nellie Day July 29, 2016

MURRIETA, CALIF. — Regency Centers and Target Corp. have completed the disposition of The Murrieta Marketplace, a 49.2-acre land parcel located at the northwest corner of Clinton Keith and Winchester roads in Murrieta. The two-parcel site includes a 38.2-acre site and a 11-acre site, owned by Regency and Target, respectively. Murrieta Marketplace Holdings acquired the parcels for an undisclosed price. The buyer plans to develop a 500,000-square-foot retail center on the site. Brian Bielatowicz of Lee & Associates represented the buyer in the deal. Regency Center and Target Corp. represented themselves in the transaction.

July 29, 2016

California Multifamily Western

Stos Partners Acquires 22,000 SF Mixed-Use Property in San Diego for $6M

by Nellie Day July 29, 2016

SAN DIEGO — Stos Partners has acquired a 22,000-square-foot mixed-use property located at 560 Carlsbad Village Drive and 2975 Roosevelt St. in Carlsbad Village section of San Diego. At the time of sale, the three-story property was 90 percent leased to PAON, a local restaurant and wine bar, and a variety of retail and office tenants. The property also features two residential penthouses. Barry Hendler of Cushman & Wakefield represented the buyer and the seller, a private company, in the deal.

July 29, 2016

California Retail Western

Coldwell Banker Brokers $4.7M Sale of Rite Aid Property in Murrieta

by Nellie Day July 29, 2016

MURRIETA, CALIF. — Coldwell Banker Commercial Advisors has arranged the sale of a Rite Aid property located in Murietta. An undisclosed buyer acquired the 16,708-square-foot property for $4.7 million in a 1031 exchange. Daniel Tyner and Scott Hook of Coldwell Banker represented the undisclosed sellers in the transaction.

July 29, 2016

California Retail Western

Citivest Realty Services Arranges Two Leases for Beach Hut Deli

by Nellie Day July 29, 2016

SAN DIEGO AND OCEANSIDE, CALIF. — Newport Beach, Calif.-based Citivest Realty Services represented Beach Hut Deli in two new leases in San Diego and Oceanside. The gourmet deli sandwich restaurant has partnered with Ryan Brothers Coffee to open a 2,690-square-foot concept at Lane Field in San Diego. Beach Hut Deli signed a 10-year lease with LFN Developers for the space. Bill Shrader of Colliers International San Diego represented the landlord. Additionally, Beach Hut Deli signed a lease for 1,800 square feet at One Mission Ave. in Oceanside. Spencer Kerrigan of Voit Commercial Services represented the landlord, GFP Oceanside Block 18 LLC, in the transaction.

July 29, 2016

California Retail Western

Marcus & Millichap Brokers $1.2M Sale of 17,749 SF Retail Property in San Bernardino

by Nellie Day July 29, 2016

SAN BERNARDINO, CALIF. — Marcus & Millichap has arranged the sale of Inland Auto Service Center, a retail property located at 1680 S. Camino Road in San Bernardino. A partnership sold the 17,749-square-foot property to a personal trust for $1.2 million. The property was constructed in 1975 and renovated in 1990. Chuck Shillington of Marcus & Millichap represented the seller and buyer in the deal.

July 29, 2016

California Multifamily Western

CPP, Jamboree Purchase Monte Vista Gardens Apartments in San Jose for $53M

by Nellie Day July 28, 2016

SAN JOSE, CALIF. — A joint venture between Community Preservation Partners (CPP) and Jamboree Housing has purchased the 144-unit Monte Vista Gardens apartments in San Jose for $53 million. The affordable housing community is located at 2601 Nuestra Castillo Court. CPP will invest more than $5.5 million to rehabilitate the community. The acquisition secures a series of tax incentives that will keep 80 percent of the units at affordable levels, while the other 20 percent will remain set by the open market. The rehab will commence in August and conclude next April.

July 28, 2016

Colorado Office Western

Schnitzer West, J.P. Morgan to Develop Civica Cherry Creek Office Building in Denver

by Nellie Day July 28, 2016

DENVER — A joint venture between Schnitzer West and J.P. Morgan Asset Management will develop Civica Cherry Creek, a boutique office building in Denver. The seven-story building will feature 100,500 square feet of office space and 11,500 square feet of retail atop a four‐story underground parking garage. The developers broke ground this month with a scheduled completion of December 2017. The building will include amenities including a rooftop terrace with outdoor meeting space, private library, concierge services, conference center, outdoor lounge at street level and locker rooms.

July 28, 2016

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