PASADENA, CALIF. — Huntington Orthopedics Institute has acquired a 22,000-square-foot medical office building in Pasadena for $9.2 million. The space is located at 837 S. Fair Oaks Ave., one block from Huntington Hospital. The building was constructed in 1962. It was fully leased at the time of sale. Michael Dettling of Avison Young’s Healthcare Practice represented Huntington Orthopedics. Bill Ukropina of Coldwell Banker represented the seller, Hollis Cotton, in this off-market transaction.
LOS ANGELES — Sunrise Senior Living is set to open Sunrise at Palos Verdes in Los Angeles in March, marking the operator’s 42nd community in California. The community will include 80 units of assisted living and memory care, each of which will have flexible uses depending on the resident’s needs. The community is four stories and 67,000 square feet. Marguerite Crockem, formerly executive director of Sunrise of Fullerton, will be executive director of the new community. Based in McLean, Va., Sunrise is the fourth-largest operator of seniors housing in the U.S., according to June 2015 numbers from the American Seniors Housing Association.
PHOENIX — Carlisle Cos. has leased 46,503 square feet at Kierland One, a 175,441-square-foot office building in Phoenix. The property is located at 16430 N. Scottsdale Road. The Fortune 1000 company is relocating its corporate headquarters from North Carolina to Arizona by year-end. CBRE’s Tom Adelson represented Carlisle. Jeff Hartland and Scott Boardman of Cushman & Wakefield represented the landlord, Hines, in this transaction.
TEMECULA, CALIF. — The Pechanga Development Corp., the economic development branch of the Pechanga Band of Luiseño Indians, has selected Tutor Perini Building Corp. to expand the Pechanga Resort & Casino in Temecula, roughly 60 miles north of San Diego. The contract is valued at $285 million. “Perini was the general contractor for the original Pechanga resort that opened in 2002. This development will complement our current offerings, enhance the resort experience for guests, and cement Pechanga Resort & Casino as the preeminent luxury gaming destination in California,” says Patrick Murphy, president of the Pechanga Development Corp. The resort expansion project involves adding a AAA Four Diamond, 568-room hotel wing; a standalone luxury two-story spa and salon with 17 treatment rooms, a fitness center and hydrotherapy pool terrace; a resort-style pool complex with eight pool areas; two new restaurants; and an additional 67,000 square feet of event space. Tutor Perini previously completed multiple phases of the Pechanga Resort & Casino over the past 13 years. Tutor Perini expects the expansion to be “substantially completed” by the end of 2017. Pechanga Resort & Casino is the largest resort/casino in California and employs roughly 4,000 team members, according to the casino’s website. …
SEATTLE — Holliday Fenoglio Fowler (HFF) has arranged the sale of, and acquisition financing for, Queen Anne Manor, a 93-unit seniors housing community in Seattle’s Upper Queen Anne neighborhood. Capitol Seniors Housing acquired the asset from an undisclosed seller for $36.3 million, free and clear of existing debt. HFF also assisted the buyer in securing a $25 million, seven-year, floating-rate loan through Freddie Mac. Queen Anne Manor has 54 assisted living units and 39 memory care units averaging 294 square feet each. Renovated most recently in 2015, the west building of the property was originally built in 1908 and the east building was completed in 1927. The property was 96 percent leased at the time of sale and is situated on just over one acre. Milestone Retirement Communities LLC, which is based in Vancouver, Wash., will manage the property. Senior managing directors Ryan Maconachy and Chad Lavender and associate director Sarah Baccich led the HFF team.
PORTLAND, ORE. — Berkshire Group has purchased the 63-unit Lower Burnside Lofts in Portland for $18.5 million. The community is located at 60 SE 10th Ave., within the Lower Burnside neighborhood. Lower Burnside Lofts was built last year and began leasing in July 2015. Robert Black of ARA Newmark represented the seller, Urban Asset Advisors, in this transaction.
LAKEWOOD, COLO. — Pinnacle Real Estate Advisors has arranged the sale of Colfax & Kipling Center, a 6,518-square-foot retail center located in Lakewood for an undisclosed price. The property is fully leased to Starbucks Coffee, Kolache Factory and Cricket Mobile. Rob Edwards and Tom Ethington of Pinnacle brokered both sides of the off-market transaction.
SEATTLE — Data storage systems provider Qumulo has expanded to 75,000 square feet of space at Century Square in downtown Seattle. The space is located at 1501 4th Ave., between the South Lake Union and the financial district. Laura Ford and David Abbott of Colliers International represented the landlord.
DENVER — Massage Heights, a leader of therapeutic massage and facial services, opened nearly two dozen locations in 2015. Ramping up franchise expansion, Massage Heights plans to open 40 locations this year and have 300 open by the end of 2018. As part of its growth strategy, the brand plans to develop franchised locations in cities like Denver, San Diego and Las Vegas in 2016. Additionally, Massage Heights is seeking area developers to grow the brand in Sacramento, Calif., Los Angeles and Salt Lake City.
LAS VEGAS — Hines has purchased the 308-unit Domain Luxury Apartment Homes in Las Vegas for $58.2 million. The community is located at 831 Coronado Center Drive. The garden-style property is situated at the entrance to the Anthem community. It was built in 2014. Doug Schuster, Curt Allsop and Vittal Ram of ARA Newmark represented the seller, Nevada West Development, in this transaction.