IRVINE, CALIF. — Behringer Harvard has acquired the 177-unit Calypso Apartments and Lofts located three miles from John Wayne Airport at 2801 Alton Pkwy. in Irvine. This purchase was made through a joint venture between Behringer Harvard Multifamily REIT I Inc. and PGGM Private Real Estate Fund. Calypso offers studio, one- and two-bedroom apartment homes and includes a resort-style pool with spas, a state-of-the-art fitness center and a clubhouse with plasma televisions and a Wi-Fi lounge.
Western
PORTERVILLE, CALIF. — Retail West has negotiated the sale of the 81,000-square-foot Eastridge Plaza in Porterville to Vallarta Properties. The retail center includes a recently opened Vallarta Supermarket. Retail West’s John DuBois, Jon Gianulias and Mark Denholm represented the seller, a partnership including New York-based Kimco and Prudential.
MIRA LOMA, CALIF. — Marcus & Millichap has brokered the $4.2 million sale of Freeway Commerce Center, an 11-unit industrial park located in Mira Loma. Built in 2009 to condominium specifications, the property was vacant at the time of sale with nine built-out units and two other units in shell condition. Marcus & Millichap’s Michael Lawrence and Stewart Weston represented the seller, a financial institution, in the REO transaction, and Lawrence also represented the buyer, an Orange County-based limited partnership.
DENVER — Through its Cobalt Industrial REIT II affiliate, Cobalt Capital Partners L.P. has acquired a 500,000-square-foot, three-building portfolio in Denver. Located within the city’s airport submarket and 100 percent leased to 12 tenants, the buildings are infill, light-industrial properties built between 1978 and 1996. CB Richard Ellis’ James Bolt represented the undisclosed seller in the transaction.
DENVER — On behalf of the CBRE Strategic Partners U.S. Value 5 fund, CB Richard Ellis Investors’ Multi-Housing Group has purchased 415-unit The Metro, a Class A, 89-percent occupied apartment community located at 2121 Delgany St. in downtown Denver. Constructed in 2002, the Metro consists of three mid-rise buildings with units averaging 943 square feet. The complex includes a clubroom, a business center, a 24-hour fitness center and 655 garage parking spaces.
SAN DIEGO — Grubb & Ellis|BRE Commercial has facilitated Grant Thornton LLP’s $4.2 million office lease in Executive Center Del Mar, located at 12220 El Camino Real in the Del Mar Heights submarket of San Diego. The accounting and consulting firm, represented by Cushman & Wakefield’s Mike Macie, signed a 10-year lease for a 10,544-square-foot suite in the building. Grubb & Ellis’ Joe Anderson, Dave Odmark and Rick Reeder represented the lessor, Cognac Del Mar Owner II LLC.
PETALUMA, CALIF. — In a joint-venture partnership with Marina Office Park Associates, Basin Street Properties has acquired the 116,000-square-foot, three-building Petaluma Marina Business Center in Petaluma. The Class A office complex in Sonoma County changed hands for an undisclosed amount. Located adjacent to the Petaluma River with access to Highway 101, Petaluma Marina Business Center features suites ranging from 400 to 6,000 square feet.
BELLEVUE, WASH. — Marcus & Millichap has negotiated the $4.98 million sale of the 69-unit Meydenbauer Inn Apartments located at 211 112th Ave. NE in Bellevue. Built in 2009, the complex consists of 41 studio units, 17 one-bedroom/one-bathroom units, eight one-bedroom/one-bathroom plus loft units and two two-bedroom/one-bathroom units and includes a two-level, subterranean, secured parking garage and a small retail space. Marcus & Millichap’s Dan Swanson, Blake Rodgers, Matthew Bohner and Jacob Steele represented the buyer, a financial institution, in the transaction.
SAN FRANCISCO — NAI BT Commercial has represented the buyer in the $3.6 million acquisition of a 27,000-square-foot warehouse building located at 460 Townsend St. in the SOMA district of San Francisco. NAI BT Commercial’s Tom Christian represented the buyer, who plans to teach sculpture classes in the building. The seller was 1238 Sutter Street LLC.
SANTA MONICA, CALIF. — Houston-based The Lionstone Group has purchased the 463,000-square-foot Lantana Entertainment Media Campus in Santa Monica from Maguire Properties. The landmark, four-building studio production and creative office property is currently home to IMAX Corporation, NBC Universal Television, Dick Clark Productions and Revolution Studios. Lee & AssociatesWest Los Angeles assisted Lionstone, founded by Tom Bacon, in the transaction; Lee’s Jim Jacobsen will oversee management of the Lantana campus.