Western

SURPRISE, ARIZ. — One Step Beyond has leased 11,800 square feet of space in Surprise. The two-building complex is located at 15527 & 15531 N. Reems Road. One Step Beyond moved into the first building in July. It plans to occupy the second building in March. Tyler Smith of Colliers International represented both One Step Beyond and the landlord, Reems and Greenway LLC, in this transaction.

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SANTA CLARA, CALIF. – The San Francisco 49ers led the grand opening celebration for their new home, the $1.2-billion Levi’s Stadium in Santa Clara. The new 1.8-million-square-foot stadium is located at 4900 Marie P. DeBartolo Way. The 68,500-seat stadium will host its first sporting event Aug. 2. It is replacing Candlestick Park in San Francisco as the home of the 49ers. The Bay Area team played at that stadium for the past 43 years. Levi’s Stadium will also host the Pac-12 Conference’s annual Football Championship Game for at least the next three years. Levi’s Stadium was built by Turner/Devcon for the Santa Clara Stadium Authority. It was designed by HNTB. The new eco-friendly structure features a green roof with 544 solar panels that sits atop the suite tower on the stadium’s west side. It also contains three solar bridges that connect the main parking area to the stadium. These features will allow the stadium to be partially powered by solar energy. The goal, according to energy provider NRG, is to ultimately provide a net-zero energy use. The stadium was built to achieve LEED-Gold certification. It is the first stadium in the nation(that is home to a professional football team)to incorporate …

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PASADENA, CALIF. – A private investor has purchased the Old Pasadena Collection, a mixed-use portfolio that contains two residential buildings and two retail buildings, for $42.6 million. The two residential buildings contain a total of 91 units at 22 West Green Street and 65 West Dayton Street. The two freestanding retail buildings are located at 60 and 70 West Green Street. All four of the properties are situated in the historic district of Old Town Pasadena. The 48-unit Palermo apartment community was built in 2003. It includes four ground-floor retail suites occupied by a paint-your-own-pottery store, a restaurant and a dance company. The 43-unit Messina apartment community was built in 2004. It has one ground-floor retail suite currently occupied by a tutoring and college-test-preparation business. This space also serves as the leasing office for both the Messina and Palermo. The former Green Street retail space is occupied by Design Within Reach, while the latter property is home to Gyu-Kaku, a Japanese barbecue restaurant. Both buildings were constructed with reinforced brick masonry in 1916 and 1921, respectively. Each contains 5,750 square feet of leasable space. The seller, a private party, was represented by Ron Harris, Paul Darrow and Michael DiSimone of …

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PORTLAND, ORE. — Pearl West, the first speculative office building to be built in Portland since the recession, has received $41.7 million in permanent construction financing. The 146,500-square-foot building will be located on Irving Street and NW 14th in the Pearl District. The Class A building is scheduled to break ground tomorrow. It is slated for completion in early 2016. The building has already secured two unnamed tenants. Pearl West will be built by BPM Real Estate Group and designed by GBD Architects. Walter C. Bowen of BPM Real Estate Group is the developer, while BDC/NW Irving LLC is the borrower. The loan was secured by Ken Griggs and Paddy Ryan of NBS Financial Services. NBS represented the lender, Washington Capital Advisors, a pension fund advisor for labor unions.

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BREA, CALIF. – Palisades Capital Realty Advisors has acquired a 121,143-square-foot office building in Brea for $21 million. The building is located at 2929 E. Imperial Highway. The property was built in 1985 and renovated in 2013. The office building is fully leased to companies like Zodiak Inflight Innovations and Underwriters Laboratories. The seller, a joint venture between Rialto Capital and the Koll Company, was represented by Bob Prendergast and Baker Morphy of JLL's Capital Markets.

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SANTA ROSA, CALIF. — Luther Burbank Savings has named Jason Pendergist as its new Chief Lending Officer. Pendergist will oversee all of the bank’s commercial and consumer lending functions. The 12-year commercial and multifamily lending veteran previously served as managing director and head of the Eastern region for the commercial term lending business at JPMorgan Chase. Luther Burbank Savings has 10 California locations, including eight branches and two loan offices. The FDIC-insured, privately held savings association is based in Santa Rosa.

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SAN DIEGO – A 115,290-square-foot industrial building in the San Diego submarket of Otay Mesa has sold to Niceride 1 LLC for $8.1 million. The building is located at 8851-8877 Kerns Street within the master-planned Siempre Viva Business Park. Otay Mesa Leasing recently signed a new 10-year lease at the park. The building will serve as the firm’s corporate headquarters. Regan Tully of Cassidy Turley’s Otay Mesa office represented both Niceride and the sellers, JJB Silverhawk, LP and VCH No. 1 LP, in this transaction.

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LOS ANGELES — The Shops at Library Court, a 9,903-square-foot, ground-floor retail space that sits below 90 luxury loft condominiums in Los Angeles, has sold to a local private investor for $6.9 million. The space is located at 630 W. 6th Street. The center is fully occupied by tenants like Ocho Mexican Grill, Loose Leaf, Subway, Mitaki, Library Bar and Sixth Street Tavern. Eric P. Wohl of Hanley Investment Group and Carlos J. Lopez of HI Urban Retail Advisors represented both the buyer and seller, a San Francisco-based private investor, in this transaction.

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GOODYEAR, ARIZ. — Schoeller Arca Systems has leased 77,046 square feet of space at Goodyear Crossing Industrial Park. The park is located at 3801 S. Cotton Lane in Goodyear. The Netherlands-based plastic injection molding manufacturer leased this warehouse and distribution space because it is situated across from its 150,000-square-foot manufacturing facility. Schoeller Arca Systems represented itself in this transaction, while the landlord, Duke Realty, was represented by Pat Feeney, Dan Calihan and Rusty Kennedy of CBRE’s Phoenix office.

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SCOTTSDALE, ARIZ. — Theranos has leased a 20,000-square-foot wing at SkySong 3 in Scottsdale. Skysong, the ASU Scottsdale Innovation Center, is located at 1475 N. Scottsdale Road, next to the Arizona State University campus. The consumer healthcare technology company will be one of the largest tenants at the project. Skysong 3 is now more than 80 percent leased. Theranos was represented by CBRE. The landlord was Plaza Companies.

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