LOS ANGELES — A 128-unit apartment complex located at 930 S. Bonnie Brae in Los Angeles has sold to 930 S. Bonnie Brae, LLC for $10.8 million. The buyer represented itself in this transaction, while the seller, Melrose Camerford Partners, LLC, was represented by Hamid Soroudi of Charles Dunn Company.
Western
PHOENIX — Vista Del Monte, a 175-unit apartment complex in North Central Phoenix, has sold to Bean Rio Salado Equity, LLC for $6.3 million. The community is located at 7750 N. 12th Street. The units were assembled from a broken condominium project. They were sold by Robert Guina of 3646 AZ, LLC as apartments through 21 separate transactions. The sale was executed by Todd Braun of Lee & Associates Arizona and the Braun Apartment Group.
GOLDEN, COLO. — The Village at Golden Shopping Center has received a $4.4-million refinance. The center is located at 17700-17748 S. Golden Road in Golden. Notable tenants include Dollar Tree, Goodwill and TJ Maxx. Financing was arranged for the Denver-based borrowers by John M. Stewart and Ilan Reissner of NorthMarq’s Denver office.
PORTLAND, ORE. – An 84,000-square-foot industrial warehouse in Portland has received $2.8 million in first-mortgage refinancing. The single-tenant building is located at 7320 NE 55th Ave. It is occupied by Sapa Profiles. The loan boasts a 10-year term and a 20-year amortization schedule. Financing was arranged by Stuart Oswald of NorthMarq’s Seattle office on behalf of Skyport Properties, LLC. The funds were arranged through the firm’s relationship with a correspondent life company lender.
LAKEWOOD, COLO. — Fox Point Commons, a 55,024-square-foot office and retail complex, has sold to Kensington, LLC for $2.5 million. It is located at 13655-13701 West Jewell Ave. Kensington, which purchased Fox Point as a 1031 Exchange property, was represented by Matt Ritter of Pinnacle Real Estate Advisors. The unnamed seller was represented by TJ Smith of Colliers International.
ANAHEIM, CALIF. — TSG-Platinum, L.P. has received a $9.9-million loan to acquire and re-entitle 4.3 acres of infill land in Anaheim’s Platinum Triangle. The site contains two separate but contiguous parcels that were entitled in 2008. The non-recourse loan features a two-year term, a fixed interest rate and one year-long extension option. The loan represents 88 percent of the site’s purchase price. The funds were provided by Lucent Capital.TSG is an affiliate of the Shopoff Group.
RANCHO CUCAMONGA, CALIF. — Inland Empire Health Plan (IEHP) has leased 207,000 square feet at the Atrium at Empire Lakes in Rancho Cucamonga. It will move into its new headquarter space in the second quarter of 2013. The company is relocating from San Bernardino. IEHP was represented by Studley’s Joshua Gorin, Steve Pisarik, Mark Sullivan, and Roi Shleifer and Tom Pierik of Lee & Associates. The landlord,Torchlight Investors/Kelly A. McLaren,was represented by Phil Woodford, John Oien and Vindar Batoosingh.
SAN JOSE, CALIF. – Nutanix has subleased 31,000 square feet of space at 1740 Technology Drive in San Jose. The company had previously occupied about 15,000 square feet at neighboring 1735 Technology Drive. The new sublease will allow Nuatnix to expand its headquarters. The new space is located in a Class A, 206,876-square-foot office building. Nutanix was represented by Joe Brady and Mike Mordaunt of Cresa San Jose. The sub-landlord, Namco Bandai, was represented by Paul McNamus and John McMahonof Colliers International.
TEMPE, ARIZ. — Portillo’s has purchased a 2.38-acre parcel at the 1.3 million-square-footTempe Marketplace where it plans to open an outpost. The famous Chicago hot dog eatery will open a 7,000-square-foot location on the marketplace’s southwest corner in the summer of 2013.
ANAHEIM, CALIF. — TSG-Platinum, L.P. has received a $9.9-million loan to acquire and re-entitle 4.3 acres of infill land in Anaheim’s Platinum Triangle. The site contains two separate but contiguous parcels that were entitled in 2008. The non-recourse loan features a two-year term, a fixed interest rate and one year-long extension option. The loan represents 88 percent of the site’s purchase price. The funds were provided by Lucent Capital.TSG is an affiliate of the Shopoff Group.