GILBERT, ARIZ. – The Shoppes at the Islands land, an 11.4-acre site at the southeast corner of Warner and McQueen roads in Gilbert, has sold to Genica Arizona, LLC for $2.1 million. The partnership plans to use the land to develop a new single-family housing community. It was represented by Aaron Carson of Carson Commercial, LLC. The seller, Starwood Asset Management, LLC, was represented by Jim Crews, Brett Polachek and Adam Madison of Cushman & Wakefield.
Western
LONG BEACH, CALIF. — Primex Agriculture Services has signed a five-year lease for 104,737 square feet at the California State University Long Beach (CSULB) Technology Park. The park is located at 2200-2250 Technology Place in Long Beach’s Heavy Weight Corridor. The space was previously occupied by DAMCO Distribution. The alfalfa exporter was represented by Zac Sakowski and Barry Hill of Jones Lang LaSalle. The landlords, CSULB and Watt Commercial Properties, were represented by Gregory Gill, Garrett Massaro and Brandon Carrillo of Lee & Associates.
SEATTLE — HomeStreet Bank Commercial Real Estate has launched a new senior housing lending program and has financed its first project. It has provided $13.6 million to fund the construction of Vineyard Park at Mountlake Terrace. The 110-bed assisted-living and memory care facility will be located along 56th Street West in Mountlake Terrace, just north of Seattle. Vineyard Park is being developed by Round Lake, LLC. It will be managed by Care Partners. The loan was originated by HomeStreet’s Diane Leonidas.
SAN DIEGO – Construction is now complete on San Ysidro Health Center clinic and urgent care center in the San Diego submarket of Chula Vista. The 46,016-square-foot center is located at 678 3rd Street. It is scheduled to open for patients this December.The building was originally purchased by San Ysidro Health Center last March for about $12 million. It underwent extensive renovations to accommodate three of the health center’s satellite clinics. They include Chula Vista Family Clinic, Otay Family Health Center and South Bay Family Urgent Care Center. The new space has also allowed the health center to expand its community health services. It now offers behavioral health and dental services, as well as ancillary services like digital X-rays.Construction was completed by Consolidated Contracting Services. Boulder & Associates served as the project architect.
LOS ANGELES – A 10-unit apartment building in Studio City has sold to a local private investor for $2.4 million. The community is located at 11019 Fruitland Drive in the Los Angeles submarket. It was built in 1985 and recently underwent a renovation. The buyer was represented by Sapphire Investment Company. The seller, US Trust, a Bank of America Trustee, was represented by Kimberly Roberts Stepp of Charles Dunn Company.
FREMONT, CALIF. – A 22,505-square-foot office building in Fremont has sold to a limited liability company for $3.1 million. The building is located at 200 Brown Road. It was 90 percent occupied by many short-term tenants at the time of sale. The LLC was represented by Bryan Webb of Marcus & Millichap’s San Francisco office.
SEATTLE — HomeStreet Bank Commercial Real Estate has launched a new senior housing lending program and has financed its first project. It has provided $13.6 million to fund the construction of Vineyard Park at Mountlake Terrace. The 110-bed assisted-living and memory care facility will be located along 56th Street West in Mountlake Terrace, just north of Seattle. Vineyard Park is being developed by Round Lake, LLC. It will be managed by Care Partners. The loan was originated by HomeStreet’s Diane Leonidas.
SAN DIEGO – Construction is now complete on San Ysidro Health Center clinic and urgent care center in the San Diego submarket of Chula Vista. The 46,016-square-foot center is located at 678 3rd Street. It is scheduled to open for patients this December. The building was originally purchased by San Ysidro Health Center last March for about $12 million. It underwent extensive renovations to accommodate three of the health center’s satellite clinics. They include Chula Vista Family Clinic, Otay Family Health Center and South Bay Family Urgent Care Center. The new space has also allowed the health center to expand its community health services. It now offers behavioral health and dental services, as well as ancillary services like digital X-rays. Construction was completed by Consolidated Contracting Services. Boulder & Associates served as the project architect.
LOS ANGELES – A 10-unit apartment building in Studio City has sold to a local private investor for $2.4 million. The community is located at 11019 Fruitland Drive in the Los Angeles submarket. It was built in 1985 and recently underwent a renovation. The buyer was represented by Sapphire Investment Company. The seller, US Trust, a Bank of America Trustee, was represented by Kimberly Roberts Stepp of Charles Dunn Company.
FREMONT, CALIF. – A 22,505-square-foot office building in Fremont has sold to a limited liability company for $3.1 million. The building is located at 200 Brown Road. It was 90 percent occupied by many short-term tenants at the time of sale. The LLC was represented by Bryan Webb of Marcus & Millichap’s San Francisco office.