SAN DIEGO — 1Mission, a mixed-use residential and retail property in the San Diego submarket of Mission Hills, has sold to Paragon Acquisitions, LLC for $8.6 million. It is located at 4033 Goldfinch Street. The 20,111-square-foot property was developed by CLB Partners. The buyer was represented in-house by Dan Berkus. The seller, Paseo de Mission Hills, LLC, was represented by Michael Burton of Cassidy Turley and Linville Martin of Perry Commercial Real Estate.
Western
OXNARD, VENTURA, CALIF. — Kaiser Permanente has purchased two Class A buildings in Central California that it currently occupies for $15.2 million. The buildings are located at 2200 East Gonzales in Oxnard and 888 South Hill in Ventura. Each building contains 31,235 square feet and is fully occupied by Kaiser. The seller, Wilmington Trust, which worked on behalf of a privately held trust, was represented by CBRE’s Bryan Lewitt, Chris Bodnar, Lee Asher and Chris Isola.
LOS ANGELES – A 48-unit apartment complex in Valley Village has sold to a local apartment owner/operator for $15.2 million. The community is located at 11925 Kling Street just southwest of North Hollywood. The complex was originally built in 2012 as for-sale condos. Matt Ziegler of Marcus & Millichap’s Encino office represented both the buyer and the seller, which was also a local apartment owner/operator.
SAN DIEGO – The 31-unit Grove Meadow Apartments in Imperial Beach has sold to Charles Kreutzkamp for $3.5 million. The community is located at 1445 Grove Ave. in southern San Diego. It was fully leased at the time of sale. Kreutzcamp was represented by Eric Comer, Jim Neil and Merrick Matricardi of CBRE San Diego. The seller, Song 1985 Trust, was represented by Andrew Parashos of Torrey Pines Property Management.
WOODLAND, CALIF. – Walmart has announced plans to open a new Walmart Neighborhood Market in Woodland. The smaller-format store will occupy a 62,000-square-foot building at 1250 E. Gibson Road about 15 miles northwest of Sacramento. The building was previously occupied by Mervyn’s at the County Fair Fashion Mall. The mall is owned by County Fair Fashion Mall, LLC and managed by Primero Management. Scott Sterlekar serves as the mall’s director of real estate and leasing.
OXNARD, VENTURA, CALIF. — Kaiser Permanente has purchased two Class A buildings in Central California that it currently occupies for $15.2 million. The buildings are located at 2200 East Gonzales in Oxnard and 888 South Hill in Ventura. Each building contains 31,235 square feet and is fully occupied by Kaiser. The seller, Wilmington Trust, which worked on behalf of a privately held trust, was represented by CBRE’s Bryan Lewitt, Chris Bodnar, Lee Asher and Chris Isola.
LOS ANGELES – A 48-unit apartment complex in Valley Village has sold to a local apartment owner/operator for $15.2 million. The community is located at 11925 Kling Street just southwest of North Hollywood. The complex was originally built in 2012 as for-sale condos. Matt Ziegler of Marcus & Millichap’s Encino office represented both the buyer and the seller, which was also a local apartment owner/operator.
SAN DIEGO – The 31-unit Grove Meadow Apartments in Imperial Beach has sold to Charles Kreutzkamp for $3.5 million. The community is located at 1445 Grove Ave. in southern San Diego. It was fully leased at the time of sale. Kreutzcamp was represented by Eric Comer, Jim Neil and Merrick Matricardi of CBRE San Diego. The seller, Song 1985 Trust, was represented by Andrew Parashos of Torrey Pines Property Management.
WOODLAND, CALIF. – Walmart has announced plans to open a new Walmart Neighborhood Market in Woodland. The smaller-format store will occupy a 62,000-square-foot building at 1250 E. Gibson Road about 15 miles northwest of Sacramento. The building was previously occupied by Mervyn’s at the County Fair Fashion Mall. The mall is owned by County Fair Fashion Mall, LLC and managed by Primero Management. Scott Sterlekar serves as the mall’s director of real estate and leasing.
LAS VEGAS – The Genting Group has purchased the 87-acre Echelon development site on the Las Vegas Strip for $350 million. The company plans to build a $2-billion hotel-casino complex called Resorts World Las Vegas. Construction is scheduled to begin on the first phase in 2014. It will include a 3,500- room hotel and a 175,000-square-foot casino. The resort is scheduled to open in 2016. The Echelon site was sold by Boyd Gaming, which halted construction on its $4.8-billion project in August. 2008. It would have contained five hotels and a 140,000-square-foot casino.