CARLSBAD, CALIF. — Linear LLC has signed a 72-month lease renewal for 53,022 square feet of office space at Carlsbad Corporate Center. The center is located at 1950 Camino Vida Roble in Carlsbad. Linear occupies about 44 percent of the building’s total 121,541 square feet. The company was represented by CBRE’s Rob Gunness. The landlord, Parallel Capital Partners, was represented by Dennis Visser of Cassidy Turley.
Western
FOLSOM, CALIF. — A 139,377-square-foot retail center in Folsom has received a three-year, $5-million mezzanine loan. The center is shadow-anchored by Wal-Mart. The loan was used to repay existing debt, upgrade the building’s facades and provide capital for further lease up. It was arranged by RCG Longview.
ANAHEIM, CALIF. — A 28,045-square-foot industrial building in Anaheim has sold to La Jolla Leasing M&A, LLC for $2.95 million. It is located at 1240 N. Red Gum Street. La Jolla Leasing plans to occupy the entire building. The buyer was represented by Scott Seal of Lee & Associates. The seller, Frances Seiford, was represented by Seth Davenport and Mitch Zehner of Voit’s Anaheim office.
SAN DIEGO – Trigild has moved its corporate headquarters to new offices in San Diego’s Golden Triangle/University Towne Centre (UTC) neighborhood. The firm will occupy a 13,500-square-foot space at 9339 Genesee Ave. Trigild has been the property manager for this building since November 2011. The new space is located within the Genesee Executive Plaza.
SAN DIEGO – A 38,419-square-foot office building in San Diego has sold to Dehghani Properties, LLC for $5.5 million. The property is located at 5151 Murphy Canyon Road. It was fully leased at the time of sale. Dehghani represented itself in the sale, while Paul Lafrenz, Paul Komadina and Melissa Foster of the CBRE San Diego Private Capital Group and Scott Kincaid, also of CBRE, represented the seller, Barrington Corp.
ANAHEIM, CALIF. – A 26,033-square-foot industrial building in Anaheim has sold to DG Performance for $3.3 million. It is located at 4100 E. La Palma Ave. DG Performance plans to occupy the entire building. Seth Davenport and Mitch Zehner of Voit’s Anaheim office represented the buyer. The seller, Simon Ozkan, was represented by Derek Paul of Ashwill Associates.
DENVER – A 40-unit apartment complex next to the University of Denver campus has sold to DU Intrados, LLC for $3.25 million. The community is located at 1961-1967 S. Josephine Street. Kevin Calame and Matt Lewallen of Pinnacle Real Estate Advisors, LLC represented both the buyer and the seller, Larry Kane, in this transaction.
LITCHFIELD PARK, ARIZ. — Camelback Place at Dysart, a 66,367-square-foot retail center in Litchfield Park has sold to a private investor from Canada for $8.67 million. The center, which is anchored by Ace Hardware, was 84 percent occupied at the time of sale. Mindy Korth and Barry Gabel of CBRE’s Phoenix office represented the seller, WE Valoroso Holding Corp. of Phoenix, Ariz., which acquired the property through foreclosure in March 2012.
LAS VEGAS – A Las Vegas retail center that is anchored by Walgreen’s and Smart & Final has received a loan for $8,448,000. The property was financed by a regional bank in Los Angeles. It was provided by Blake Melstrom of Pacific Southwest Realty Services’ Orange County, Calif., office.
PHOENIX – The 300-unit Lynnwood apartments in Phoenix has sold to Lili Rubin Investment Properties for $6.5 million. The apartment community is located at 5535 West McDowell Road. The seller, Lynwood Limited Partnership, was represented by Cliff David and Steve Gebing of Marcus & Millichap’s Phoenix office.