LOS ANGELES — Charles Dunn Co. has closed the more than $2.33 million sale of a 16-unit apartment complex located at 2352 Glendale Blvd. located in the trendy Silver Lake area of Los Angeles. Built in 1958 and 100 percent leased at time of sale, the 11,590-square-foot multifamily property was sold by Hector Garza to Thorofare Capital. Charles Dunn’s Mark Ventre and David Eitches represented the seller in the transaction.
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LAS VEGAS — Danoski Clutts Building Group (DCBG) has completed tenant improvements at Marshall Rousso within McCarran International Airport in Las Vegas. Though finished in only eight weeks, the project involved demolition of the existing space, and then improvements such as high-end wall, ceiling and floor finishes. The retailer’s ceiling is now multi-elevation.
DENVER — Interstate Hotels & Resorts has formed a joint venture with Waramaug Hospitality LLC and an investment management company to acquire the 262-room Sheraton Denver Tech Center Hotel for an undisclosed amount. HREC Investment Advisors’ Mike Cahill arranged the sale. The only Sheraton-branded hotel in the high-density Tech Center area, the full-service property will immediately undergo a $5.75 million renovation, including a complete makeover of the guest rooms, public and meeting space, food and beverage areas, and recreational offerings. Located at 7007 South Clinton Street, the Sheraton Denver Tech Center Hotel offers 10,500 square feet of meeting space, a business center, an exercise room, an outdoor swimming pool, a gift shop and the full-service Redfire Restaurant & Lounge. Interstate assumed management of the hotel upon completion of the acquisition.
VENTURA, CALIF. — Solarsilicon Recycling Services LLC has acquired a 90,000-square-foot industrial building, located at 2433 Eastman Ave. in Ventura, from Art Dreams for $6.3 million. A company that recycles unusable and off-spec silicon and processes it into usable feedstock for the solar industry, SRS was represented by Mike Tingus of Lee & Associates-LA North/Ventura. Represented by DAUM Commercial Real Estate Services’ Michael Walsh and Melinda Walsh, the seller will lease back a portion of the building. The freestanding building includes more than 13,000 square feet of office space on two stories and features 24’ clear height, three dock-high and two ground-level doors.
BOZEMAN, MONT. — Grubb & Ellis has negotiated the sale of approximately 4.2 acres of land to Kohl’s Illinois Inc. in Bozeman. The sale price was not disclosed. The discount retailer plans to construct a 56,000-square-foot building within the Bozeman Gateway project, a 50-acre mixed-use development featuring retail, office, entertainment and hotel space. Grubb & Ellis’ Mark Baziak and Michael Elliott represented Mitchell Development Group LLC in the sale.
ENGLEWOOD, COLO. — Charles Dunn Co. has negotiated the nearly $9.73 million acquisition of a 14,820-squarefoot Walgreens, located at 123 E. Belleview Ave. in Englewood. The brokerage firm’s Michel Hibbert represented the buyer, Berg & Boyer Family Trust, in the transaction, and Deerfield Partners represented the seller, Net Leased Development LLC. The retail asset was built in 2009.
GOLDEN, COLO. — Marcus & Millichap has brokered the $7.25 million sale of the 79,705-square-foot Clear Creek Square, located at 600 12th Street in Golden. Built in 2001, the office property is situated between Washington Street and the entrance to the home of Coors. Marcus & Millichap’s Jacob Steele and Andy Glinski represented the court-appointed receiver in the transaction, and Steele and the brokerage firm’s Andy Glinski represented the buyer, a real estate investment firm.
DENVER — Pinnacle Real Estate Advisors LLC has managed the $5.1 million sale of the 81-unit William Tell Apartments, an affordable housing community located at 1599 Williams Street in central Denver. Constructed in 1964, the multifamily property consists of eight studio, 72 one-bedroom/one-bathroom units and one two-bedroom/one-bath unit. Pinnacle’s Joe Hornstein, Kevin Calame and Matt Lewallen assisted both the buyer, Brothers Redevelopment, and the seller in the transaction.
CHINO, CALIF. — Lee & Associates has presided over the $8.5 million sale of a 189,990-square foot industrial property located at 13780 Central Ave. in Chino. Built in 1988, the single-building development is situated near the 60 and 71 freeways, as well as the Chino Airport, in the western part of San Bernardino County. Lee & Associates’ Bill Heim and Eloy Covarrubius represented buyer, DCT Industrial, in the transaction, and the brokerage firm’s Jack Cline, Patrick Bogan and Steve Coulter represented the seller, Gamm Enterprises. The buyer plans to renovate the property and lease it out.
FT. COLLINS, COLO. — NorthMarq Capital has arranged $7 million in refinancing for the 345-unit Aspenleaf Apartments located at 3501 S. Stover Street in Ft. Collins. Built in 1973, the multifamily complex consists of 15 two-and-a-half-story buildings and includes a clubhouse, a heated swimming pool, a playground, and basketball, volleyball and tennis courts. NorthMarq’s Steve Koeneke and Chris Williams arranged the financing for the borrower.