PHOENIX – A 94,885-square-foot distribution building in Phoenix has sold to Cohen Asset Management for $5.1 million. The building is located at 2021 E. Jones Ave. It is situated southwest of Phoenix Sky Harbor International Airport. Cohen was represented by Matt McDougall of Lee & Associates. The seller, Michael Lewis Company, was represented by DTZ’s Andy Cloud.
OAKLAND, CALIF. – The 45-unit Jackson Courtyard Condominiums in Oakland has sold to an unnamed buyer for $15.9 million. The community is located at 14th and Jackson streets in the city’s Lakeside district. It is situated near two Bay Area Rapid Transit (BART) stations. The seller, 685 Scofield LLC, was represented by Kevin Turner of Marcus & Millichap’s Oakland office.
GLENDALE, ARIZ. – A partnership through Dalan Management has acquired the 276-unit Glendale Commons Apartments through a trustee sale for $8.9 million. The community is located at 6565 West Bethany Home Road in Glendale. It was built in 1983. Dalan assumed the Fannie Mae loan that was originally placed in 2006. The seller was a partnership through NV Investments. The sale was executed by ABI Multifamily.
LAS VEGAS – M&M World Las Vegas has completed a $4.7-million renovation. The 31,056-square-foot building is located at Showcase Mall on the Las Vegas Strip. DC Building Group remodeled all four floors of the attraction. M&M World features a new NASCAR display with a full-size NASCAR race car replica and a new M&M Color Wall with a colored candy tube ceiling. Construction commenced in late 2012. FITCH served as the architect. The building is owned by MARS.
SAN DIEGO – An 8,662-square-foot medical office building in San Diego has sold to BKC Commercial Properties for $2.4 million. The building is located at 9878 Hilbert Street. The buyer plans to relocate its dermatology clinic to the new facility, which will allow for expansion. BKC was represented by Mario Martinez of Lee & Associates – North San Diego County. The seller, Williams Charitable Remainder Trust, was represented by Colliers International.
DENVER — The ConAm Group has acquired the 296-unit PeakView Place apartments in Denver for an undisclosed sum. The community is located at 9959 E Peakview Ave. in the Englewood submarket. PeakView is situated near Denver’s largest employment center, the 850-acre Denver Technological Center (DTC). ConAm plans to carry out a $5.5-million renovation on the property. This will include construction of a new leasing office, new exterior siding, full interior upgrades, and overall enhancements to the common areas and landscaping. Common-area amenities include a pool and spa, as well as a fitness center. Units include modern floorplans, washers and dryers, central heat/air conditioning and fireplaces.
SAN DIEGO — An affiliate of Oak Coast Properties LLC has acquired the 219-room Doubletree San Diego-Hotel Circle for an undisclosed sum. The hotel is located at 1515 Hotel Circle South. The eight-story hotel includes the Panini Restaurant, meeting and event space, an outdoor pool and spa and a five-story parking garage. It was originally built in 1970. The Doubletree has undergone extensive renovations and modernization throughout the years. The buyer purchased the leasehold and land in two separate transactions that closed concurrently. The property will be managed by Portfolio Hotels & Resorts. It will continue to operate under the Doubletree by Hilton flag. The seller was two locally-based investment entities. They were represented by Bob Kaplan and Rod Apodaca of CBRE Hotels.
ARVADA, COLO. – A 20-unit apartment complex in the Denver submarket of Arvada has sold to an unnamed buyer for $2 million. The community is located at 5379 Estes Street. It was built in 1960. The property is situated near Olde Town Arvada and the Light Rail. Jeff Johnson with the Johnson Ritter Team at Pinnacle Real Estate Advisors assisted both the buyer and seller in this transaction.
SALT LAKE CITY – Haemonetics has signed a 12-year lease for 154,601 square feet of manufacturing space at the Price Bangerter building in Salt Lake City. The Class A space is located at 1555 S. Gramercy Road. This is the blood management firm’s second facility in the region. The new facility will handle its Western United States distribution requirements. Haemonetics was represented by Steve Condie of Newmark Grubb ACRES (NGA) and DTZ’s Kevin Hanna. The landlord, Price Realty Group, was represented by NGA’s Kyle Roberts.
PHOENIX – A 94,885-square-foot distribution building in Phoenix has sold to Cohen Asset Management for $5.1 million. The building is located at 2021 E. Jones Ave. It is situated southwest of Phoenix Sky Harbor International Airport. Cohen was represented by Matt McDougall of Lee & Associates. The seller, Michael Lewis Company, was represented by DTZ’s Andy Cloud.