REDWOOD SHORES, CALIF. – LiveOps will be relocating its global corporate headquarters from Santa Clarita to Redwood Shores this fall. The new 42,000-square-foot office will be located at 555 Twin Dolphin Drive. LiveOps was represented by SABRE Real Estate Group. The landlord, Equity Office, was represented by Cornish & Carey Commercial Newmark Knight Frank.
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LAKEWOOD, COLO. – An apartment building located at 1205-1225 Yukon Street in Lakewood has sold to a local investor for $2.25 million. The 33,792-square-foot community was built in 1961. It was 91 percent occupied at the time of closing. Joe Hornstein of Pinnacle Real Estate Advisors represented both the buyer and the seller, another local investor, in this transaction.
LOS ANGELES — A21-unit apartment building in the Los Angeles submarket of Toluca Lake has received a $7.4-million refinancing. The community was originally developed as high-end condos in 2007. When the market crashed, the developer converted the units to rentals. The apartment loan is underwritten to $352,380 per unit. The loan features a fixed rate for five years and a minor prepayment penalty for three years. The borrower hopes to sell the units as condos if and when the market recovers. The loan was arranged by Dan Litman of Marcus & Millichap Capital Corporation’s West Los Angeles office.
POINT RICHMOND, CALIF. – Nutiva is relocating its corporate headquarters from Oxnard to 213 West Cutting Blvd. in Point Richmond. The company has subleased about 100,000 square feet inside a 237,000-square-foot warehouse/distribution building. Nutiva was represented by Adam Peterson and Justin Grilli with Cassidy Turley BT Commercial in Pleasanton. The landlord was represented by Todd Severson, Greig Lagomarsinoand Sean Sabarese of Colliers International in Oakland.
ENCINO, CALIF. — Barrister Executive Suites has signed a lease renewal for the seventh floor of the Encino Financial Center. The center, which is also known as the City National Bank Building, is located at 16133 Ventura Blvd. in Encino. Barrister has occupied this 18,497-square-foot space since 1977. Barrister was represented by David DeFore from CBRE’s Universal City office. The landlord is Lowe Enterprises.
REDLANDS, CALIF. — Continental Tire North America has signed a 24-month lease renewal for 497,714 square feet of industrial space in Redlands. The facility is located at 27223 Pioneer Ave. Continental Tire has fully occupied this site since 2009. The company was represented by Frank Geraci, Walt Chenoweth, Juan Gutierrez and Patrick Wood of Voit Real Estate Services’ Inland Empire office. The landlord, Prologis, represented itself in this lease transaction.
MOORPARK, CALIF. – A 21,505-square-foot industrial property in Moorpark has sold to Cosaro and Tagliati Trusts for $3 million. The property is located at 5245 Maureen Lane. It was constructed within a master-planned business park built in the 1990s. The trusts were represented by Timothy Foutz of NAI Capital’s Encino office. The seller was F&B Industrial Investments, and LLC.
SAN FRANCISCO — A four-unit apartment building in San Francisco has sold to a partnership for $1.55 million. The community was built in 1900 and is located at 1201 Guerrero Street. John Antonini of Marcus & Millichap’s San Francisco office represented both the buyer and the seller, an individual/personal trust, in this transaction.
VANCOUVER, WASH. – The Riverstone Marketplace, a 95,774-square-foot retail space in Vancouver, has received $20.15 million in financing. The 10-year CMBS loan was provided by a life insurance company. It features a fixed interest rate that is less than 5 percent for the entire term. Funding was arranged by Geoffery Arrobio of Johnson Capital’s Downtown Los Angeles office.
VICTORVILLE, CALIF. — Goodwill Industries of Southern California will open a 12,000-square-foot store at Hi-Desert Plaza in Victorville during the third quarter of 2012. Goodwill signed a 10-year lease for the space. The company was represented by Jon Friesen of Lee & Associates. The landlord, Victor Valley Plaza Co., LLC, was represented by Brad Umansky and Pablo Velasco of Progressive Real Estate Partners and Rob Kurth of Kursch Group.