PHOENIX – Marcus & Millichap Real Estate Investment Services has sold the 486-unit Northern Point and 214-unit Paseo del Sol apartment communities for $9,990,000. Marcus & Millichap’s Steve Gebing, Cliff David and Rich Butler, multifamily investment specialists out of the firm's Phoenix office, acted as the exclusive listing agents on behalf of the seller, a court-appointed Receiver.
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SAN DIEGO – HFF has closed the sale of two San Diego-based hotels, the Holiday Inn Express Mission Bay and the Comfort Inn National City. HFF marketed the properties on behalf of C-III Asset Management, LLC, which acted as a special servicer for the selling trusts. RNM Hospitality purchased the 87-room Holiday Inn Express, while Excel Hotel Group bought the 91-room Comfort Inn. HFF's team was led by managing director Holden Lim and director Zack Holderman.
SAN DIEGO — Atkins North America has signed a 94-month lease at Gateway at Torrey Hills in Del Mar Heights, Calif. The lease is valued at $5.5 million. The engineering and design consulting firm was represented by Shawn Lorentzen of Jones Lang LaSalle. Cassidy Turley BRE Commercial's Joe Anderson, Rick Reeder and Dave Odmark represented the landlord, Prudential Real Estate Investors.
SALT LAKE CITY — CB Richard Ellis has brokered three long-term office leases at the 88,000-square-foot Lone Peak Center in Draper, Utah. Sales support call center O’Currance Teleservices leased 19,000 square feet, software development organization Xennsoft leased 8,000 square feet and peer-to-peer lending company Prosper leased 11,500 square feet. CBRE's Tab Cornelison represented the landlord, Maier Siebel Baber, in the transactions. CBRE's Scott Wilmarth represented O’Currance Teleservices.
PHOENIX — Voit Real Estate Services has sold 23 industrial condos in Phoenix's Deer Valley Commerce Center Park. The condos totaled 58,437 square feet, and were sold for a total consideration of $2.23 million. Deer Valley Commerce Center Park is a 360,000-square-foot property in the North Phoenix business corridor. The seller, NextGen Commercial, LLC, was represented by Voit's Darren Tappen, who worked with Cushman & Wakefield's Pat Harlan, Steve Sayre and Kyle Westfall. DAUM Commercial's Bob Lundstedt and Colliers International's Jim Keeley represented the buyer, Birchwood Heights Equity Corporation.
INLAND EMPIRE, CALIF. — CB Richard Ellis' office brokerage team of Taylor Ing, Michael Day and Drew Sanden has joined Cushman & Wakefield’s Inland Empire office. Ing joins Cushman & Wakefield as executive director, Day will act as senior director and Sanden will serve as associate director.
WAIPAHU, HAWAII — Westcore Properties has purchased the 250,460-square-foot Waipio Business Center, a four-building industrial campus in Waipahu, for an undisclosed sum. The property is currently 20 percent leased. This is the firm's first Hawaii-based acquisition. Westcore Properties represented itself in the transaction.
ONTARIO, CALIF.– Jones Lang LaSalle represented Dal-Tile in a lease renewal for 410,515 square feet of industrial space in Ontario. JLL's executive vice president Sam Foster, managing director Mike McCrary and associate Chris Brandt represented Dal-Tile in the transaction. The property owner, Sares-Regis, represented itself.
PHOENIX – Jones Lang LaSalle has expanded its Phoenix-based office space by 35 percent, and named Pat Williams as head of the firm’s tenant representation broker team. The new office will occupy 11,934 square feet at 3131 E. Camelback Rd. in Phoenix. Williams is an 11-year industry veteran who will head the Jones Lang LaSalle's Phoenix tenant representation team.
PHOENIX – Cassidy Turley BRE Commercial has sold Lakeside Center, a multi-tenant office park in Phoenix, for $5.44 million. The 152,600-square-foot park was purchased by Houston-based Boxer Properties. The seller was Phoenix-based Trident Pacific Real Estate Group, which acted as a court-appointed receiver on behalf of Midland Loan Services. Cassidy Turley's Eric Wichterman, Mike Coover, Bob Buckley, Tracy Cartledge, Steve Lindley, Gordon Raguse and Tom Jacobs represented both the buyer and the seller.