GLENDALE, CALIF. – The Osborn Office Building, an 8,762-square-foot office space in Glendale, has sold to 320 Harvard LLC for $4.1 million. The space is located at 320 East Harvard Street. The seller, the Osborn Family Trust, was represented by Shari Baner of NAI Capital’s Encino office.
Western
SAN LEANDRO, CALIF. — DSW Designer Shoe Warehouse has leased a 14,818-square-foot space in the Bayfair Center in San Leandro. The space is located at 15555 E. 14th Street. Other notable tenants at the center include Target, Macy’s, Old Navy, Bed Bath & Beyond and Kohl’s. DSW was represented by Tom Power of SRS Real Estate Partners. The landlord, Bayfair Center, was represented by Richard Wolf of Madison Marquette.
SAN CLEMENTE, CALIF. — Meta Housing Corporation has completed the $32.4-million Cotton’s Point Senior Apartments in San Clemente. The community is located at 2358 N. El Camino Real. The 76-unit, affordable housing complex accommodates seniors aged 62 and older. It is currently 95 percent occupied. Community amenities include a large community courtyard with two adjacent community rooms to encourage social interaction, a fitness center, tech room, numerous seating areas, a putting green and a barbeque grilling station. Residents also have access to many complimentary classes and services that focus on learning, wellness and creativity. Western Community Housing acted as both a co-developer and a general partner for the project. The community was designed by YM Architects. Public-sector financing was provided by the City of San Clemente; the County of Orange; the Mental Health Services Act; the State of California Multi-Housing Program; and the Federal Home Loan Bank of San Francisco’s Affordable Housing Program.
SAN DIEGO — Ryan Rauch has been named director of marketing for Real Capital Markets (RCM). Rauch will lead RCM’s branding, lead generation, product marketing and corporate communications efforts. Rauch’s background includes more than 15 years in commercial real estate and technology marketing experience at both consumer and business-to-business companies. He was formerly vice president of marketing at Grubb & Ellis. Rauch most recently headed up his own marketing and branding consultancy firm where he worked with small- to mid-sized real estate and software companies to differentiate, cultivate and communicate their competitive advantages. He further facilitated executive coaching programs designed to increase individual, team, and company effectiveness and performance.
TEMPE, ARIZ. — EdR has completed its purchase of The District on Apache — a community serving Arizona State University (ASU) in Tempe, Arizona — for $89.8 million. EdR announced it had agreed to purchase the property in June. The District on Apache was developed by Residential Housing Development and was designed by Humphreys & Partners architects. It opened in 2013. The 900-bed community is a half-block from the ASU Tempe campus. It is 100 percent leased for the coming academic year. The District on Apache provides a variety of studio, one-, two-, three-, four- and five-bedroom floor plans along with a 770-space parking garage. Each apartment contains private bathrooms, granite countertops, stainless steel appliances, washer and dryer, flat-screen television and custom furniture. Amenities include a lazy river pool with giant outdoor video screens, clubroom, virtual golf course, two-story fitness center, and computer lab/business center. In 2013 Arizona State University had a total full-time enrollment of nearly 62,000 undergraduate and graduate students. Current on-campus housing consists of slightly more than 12,300 beds.
OXNARD, CALIF. – PODS has leased 65,000 square feet in Oxnard. The lease is valued at nearly $2 million. The company will be relocating and expanding from nearby Ventura, where it was based for eight years. The new space is located at 301 S. Rose Ave. CBRE’s Paul Farry, Jim Meaney, Doug Shaw represented both PODS and the landlord, One Miracle Property, in this transaction.
PHOENIX — First Commons at West 10, a 99,528-square-foot industrial complex in Phoenix, has sold to Enright Capital for $6 million. The building is located at 4625 and 4635 W. McDowell Road. It was built in 2002. The property was 60 percent leased at the time of sale. Bob Buckley, Tracy Cartledge and Steve Lindley of Cassidy Turley represented both the buyer and seller, MDI Capital, in this transaction.
ONTARIO, CALIF. — Guthrie Development Company and its private equity partner have acquired Airport Distribution Center, a 221,171-square-foot industrial park in Ontario, for a reported $20.2 million. The center is located at 1500, 1550, and 1590 Milliken Ave. The park contains three buildings and 30 units. The Class A space is 93 percent leased. The seller, Panattoni Development Company, was represented by CBRE’s Barbara Emmons, Darla Longo and Michael Kendall.
BOULDER, COLO. – The 49-room Quality Inn & Suites in Boulder has sold to a partnership between Basecamp Hotels, Eagle Point Hotel Partners and Filament Hospitality for an undisclosed sum. The hotel is located at 2020 Arapahoe Ave. It is situated next to the University of Colorado and within walking distance of Pearl Street Mall's outdoor shopping, dining and entertainment district. The partnership will renovate and reposition the property to their signature brand, Basecamp Hotel. The brand is currently expanding into other markets across the U.S. The seller, Lewis Properties, was represented by Mike Dube of HREC Investment Advisors' Denver office.
SAN DIEGO – A 1.5-acre parcel of land in the San Diego submarket of North Park has sold to TR Hale LLC for $7.7 million. The parcel is located at 2030 El Cajon Blvd. The buyer plans to develop an upscale, mixed-use apartment project on the site, which was fully entitled by the seller for up to 180 units. The seller was AmProp North Park LLC. The transaction was executed by Victor Krebs and Gunder Creager of Colliers International.