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

Arizona Industrial Western

BKM Capital Partners Buys Koll Cotton Center in Phoenix for $26M

by Nellie Day October 22, 2015

PHOENIX — BKM Capital Partners has purchased the Koll Cotton Center, a 225,435-square-foot industrial business park in Phoenix, for $26 million. The seven-building center is located one mile south of Phoenix Sky Harbor International Airport. It was 77 percent occupied at the time of sale. JLL’s Mark Detmer and Bo Mills represented the seller, Clarion Partners.

October 22, 2015

California Healthcare Western

Construction Commences on New $90M Tehachapi Critical Care Replacement Hospital

by Nellie Day October 22, 2015

BAKERSFIELD, CALIF. — Construction has commenced on a new 25-bed Tehachapi Critical Care Replacement Hospital 35 miles southeast of Bakersfield. The $90 million project is a joint venture between Bernards and Colombo Construction. The 77,889-square-foot critical access facility will offer acute care and outpatient services. It will be the only healthcare facility in Tehachapi, a rural area of Kern County. The hospital will include 16 medical/surgical beds, four intensive care beds and a five-bed obstetrical (labor and delivery/postpartum) unit. It will also contain an emergency room, anesthesia services, a radiology/imaging center, a clinical laboratory, dietetic services space, a pharmacy and nearly 16,000 square feet for administrative offices. The property will also include facility support functions like a central plant, general storage area and laundry area. Tehachapi Critical Care Replacement Hospital is scheduled for completion in 2016. SWA Architects is designing the project.

October 22, 2015

Colorado Hospitality Western

Urban Commons Buys Renaissance Hotel in Denver for $44M

by Nellie Day October 22, 2015

DENVER — Urban Commons has purchased the 400-room Renaissance Hotel in Denver for a reported $44 million. The hotel is located at 3801 Quebec St. in the Stapleton neighborhood. The hotel includes 11 suites and about 30,000 square feet of meeting and function space, including the 11,700-square-foot Colorado Ballroom. The Renaissance is situated near the expanding Enterprise Business Park. It will also be in close proximity to the FasTrack East Corridor light rail line that should debut in 2016. James Escarzega, Steve Michels and Stephanie Tsai of Cushman & Wakefield’s Global Hospitality Group represented the seller, Trifecta Hotel D Owner LLC.

October 22, 2015

Arizona Office Western

Menlo Equities Buys Thistle Landing Office Park in Phoenix

by Nellie Day October 22, 2015

PHOENIX — An affiliate of Menlo Equities LLC has purchased the remaining three buildings of Thistle Landing office park in Phoenix for an undisclosed sum. The park is located at 4801, 4805 and 4811 E. Thistle Landing Drive. Thistle Landing includes four Class A office buildings. The park was built in 1998. Menlo had previously purchased the initial building. The park is fully leased to Fiserv Inc., United Healthcare, DISH Network and OptumRx. Chris Toci, Chad Littell, Jerry Noble, Pat Devine and Greg Mayer of Cushman & Wakefield represented the seller, Torchlight Investors LLC.

October 22, 2015

California Multifamily Western

Adagio on the Green Debuts in Mission Viejo

by Nellie Day October 22, 2015

MISSION VIEJO, CALIF. — Wermers Properties has debuted the 256-unit Adagio on the Green luxury apartment complex in Mission Viejo. The community is located at 26600 Oso Parkway. Adagio sits adjacent to the Mission Viejo Country Club.

October 22, 2015

California Retail Western

Simon to Complete Redevelopment of Stanford Shopping Center and Add 14 Tenants

by Nellie Day October 21, 2015

PALO ALTO, CALIF. — Shopping mall developer Simon Property Group is set to complete its redevelopment of Stanford Shopping Center, a mall located in Palo Alto, and add 14 new tenants to open in spring 2016. The Plaza, Simon’s reimagined public space, includes gardens, lawn space, a water feature with infinity edges and a new outdoor venue for special events. The reimagined public space, nearing completion in November, will also include suspended wooden trellis with decorative lighting and an open-air, granite-clad fireplace. New retailers set to open at the center will include Anthropologie, Allen-Edmonds Shoe, LUSH Fresh Handmade Cosmetics, Luisa Spagnoli, AllSaints, lululemon, Everything But Water, The North Face, Uno de 50, Vineyard Vines, Pink Posy, True Food Kitchen, Tender Greens, and Minamoto Kitchoan. Stanford Shopping Center expects a total of 25 new stores to open during late spring 2016.

October 21, 2015

Colorado Multifamily Seniors Housing Western

Lancaster Pollard Hires Rob McAdams to Open Office in Denver

by Nellie Day October 21, 2015

DENVER — Rob McAdams has joined Lancaster Pollard and will open a new office for the firm in Denver. McAdams will serve the lender’s clients in Colorado, Wyoming, Montana and Idaho and will oversee the structuring and funding of healthcare project financings for hospitals and senior living providers in those states. McAdams has been involved in investment sales and debt and equity structuring for the hotel and hospitality industry since 2005 and most recently served as a partner at U.S. Hotel Advisors in Denver. In that role, he oversaw all areas of hotel debt and equity financing transactions, including new business generation, negotiation of financing terms, selection of capital providers and orchestration of closing processes. He earned master’s degrees in finance, as well as real estate and construction management, from the University of Denver, Daniels College of Business. He received a bachelor’s degree in communications from the University of Colorado.

October 21, 2015

California Retail Western

Pieology to Open at Rialto Marketplace in California

by Nellie Day October 21, 2015

RIALTO, CALIF. — Pieology is set to open a location at Rialto Marketplace, a new development anchored by Walmart in Rialto. Blindside 75, a multi-unit franchisee of Pieology, has signed a 10-year lease for 2,200 square feet at the center. Greg Giacopuzzi of NewMark Merrill Cos. represented the landlord, and Matt Adamczyk of Kennedy Wilson represented the tenant in the transaction.

October 21, 2015

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