LOS ANGELES — Nami Media has leased 11,700 square feet inside an office building that is part of the Howard Hughes Center in Los Angeles. The space resides within a 336,000-square-foot, Class A office building at 6701 Center Drive. The company is relocating from its Venice Boulevard location in West Los Angeles. The new space will allow Nami to expand its operation. Brian Davies and Dave Toomey of Cresa Los Angeles represented the tenant, while the landlord, Equity Office Properties, was represented by Rick Buckley and Beau Rawi of LA Realty Partners.
Western
AURORA, COLO. — The Glenview Apartments, a 48-unit apartment community in Aurora, has sold to Elesyah, LLC for $1.75 million. The property is located at 16300 East Colfax. It was 98 percent occupied at the time of sale. Brice W. Head of Pinnacle Real Estate Advisors represented both the buyer and the seller, Glenview, LLC, in this all-cash transaction.
BUENA PARK, CALIF. — Commerce Center at Buena Park, a two-building industrial/cold storage facility, has sold to an undisclosed buyer for an undisclosed sum. The 84,600-square-foot building at 6625 Caballero Blvd. is fully leased to Legacy Farms, while the 140,000-square-foot building at 6535 Caballero Blvd. is fully leased to Fresh Food Concepts. CBRE’s Darla Longo, Barbara Emmons, Art Rasmussen and Rick McGeagh represented both the buyer and the seller, a joint venture between affiliates of Westcore Properties and Dune Real Estate Partners LP, in this transaction.
MESA, ARIZ. – A 336-unit Mesa apartment building has received a $7-million loan. The loan carries a three-year term with the first 18 months being interest only. It was arranged by Neal Churney of Johnson Capital and provided by a regional bank. The borrower recently acquired the garden-style apartment.
SOUTH LAKE TAHOE, CALIF. – The 58-room Ambassador Hotel in South Lake Tahoe has sold to an unnamed buyer for $1,475,000. It is located at 4130 Manzanita Ave. The property was built in 1981. The seller, a private investor, was represented by Taylor Flynn of Marcus & Millichap’s Oakland office. The buyer was represented by Adam Levin and Philip Batlin of the firm’s Palo Alto and San Francisco offices.
BOULDER CITY, NEV. — Los Posados Shopping Center, a 26,192-square-foot retail center in Boulder City, has sold to Los Posados Plaza, LP, for $2,277,250. The center is located at 802 Buchanan Blvd. Notable tenants include Radio Shack, Great Clips, The UPS Store and Anytime Fitness. The seller, GMACCM Note #802, LLC, represented itself in this transaction.
FULLERTON, CALIF. — Progressive Marketing Products/Premier has signed a five-year lease for 62,396 square feet of industrial and office space in Fullerton. The Class A facility is located at 1321 State College Blvd. Progressive was represented by Ian Britton and Clyde Stauff of Colliers International. The landlord, DSA State College Business Park, LLC, was represented by Britton and John Long, also of Colliers.
HOLLYWOOD, CALIF. — A vintage English Tudor 7 Unit apartment complex in Hollywood has sold to Nick Sasano for $1.8 million. The property is located at 2062 Argyle Ave. The seven-unit complex was built in 1929. The seller, Argyle Ave LLC, was represented by Tim Steuernol and Rob Zaharia of NAI Capital’s West LA office.
MALIBU, CALIF. – The 256-unit Paradise Cove Mobile Home Park in Malibu has received a $30-million first mortgage that will be used to refinance the property. The 10-year loan is structured under Fannie Mae’s DUS Manufactured Housing Community Loan Program. It features a 3.85 percent fixed rate, 9.5 years yield maintenance and a 30-year amortization schedule. The loan was arranged for The Kissel Company by Berkeley Point Capital LLC.
LANCASTER, CALIF. – A 53,822-square-foot retail property located within the Lancaster Plaza has sold to 2429 Danalda and Kab Plaza LLC. It is located at 1006, 1022, 1030, 1060 E. Ave. J. The center was more than 82 percent leased at the time of sale. Fariba Kavian with NAI Capital’s West LA office represented the seller, LNR Properties, in this transaction.