LOS ANGELES — Abrams Artists Agency has leased 15,650 square feet at the Pacific Design Center’s RedBuilding in Los Angeles. The center is located at 8687 Melrose Ave. Abrams is a talent and literary agency. It represents up-and-coming acting talent, as well as established celebrities in film, television and theater. Robert Cavaiola of Savills Studley represented the firm. The landlord, Cohen Brothers Realty, was represented in-house by Marc Horowitz, as well as by JLL’s Josh Wroble.
LAS VEGAS — DC Building Group has moved into its new 6,000-square-foot corporate office in Las Vegas. The space is located at 101 E. Warm Springs Road. The general contractor previously occupied a smaller space in the valley. After its staff grew by more than 65 percent, however, DC Building found it needed a larger space. The firm was previously known as Danoski Clutts Building Group.
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.
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.
HENDERSON, NEV. — HFF has secured $72 million in acquisition financing for The District at Green Valley Ranch, a 384,724-square-foot mixed-use retail and office center in the Las Vegas suburb of Henderson. Aldon Cole and Todd Sugimoto of HFF worked on behalf of the borrower, Vestar, to secure the 10-year, fixed-rate loan with AIG Investments. Loan proceeds were used to purchase the 91 percent occupied property. A 51,300-square-foot Whole Foods Market anchors the center, which is also home to tenants including REI, Pottery Barn, Williams-Sonoma, West Elm, Anthropologie, The Cheesecake Factory and P.F. Chang’s China Bistro.
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.
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.
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.
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.
SPOKANE, WASH. — Goodale & Barbieri and Dakota Pacific have purchased the RLH office building in Spokane for an undisclosed sum. The building contains 100,000 square feet of office space and a 252-car parking garage. It is situated on the north bank of the Spokane River in downtown Spokane. Notable tenants at the building include Red Lion Hotels Corp., HomeStreet Bank, TransCanada Corp., Mutual of Enumclaw Insurance, Wipfli LLP and Farmers Insurance.