SAN DIEGO — CB Richard Ellis has handled the Chang Family Trust’s $7.4 million purchase of a 45,496-square-foot industrial building located at 6640 Cobra Way in San Diego. Built in 1997, the Sorrento Mesa building will be the company headquarters of American Electronic Materials Inc., which is owned and operated by Chang Family Trust. CB Richard Ellis’ Dean Asaro represented the buyer, and Bill Cavanagh and Bryce Aberg of Grubb & Ellis/BRE Commercial represented the seller, Randall S. Koch.
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SOUTH PASADENA, CALIF. — Colliers International has handled the $2.02 million sale of an 8,900-square-foot multifamily property located at 390 Pasadena Ave. in South Pasadena. Built in 1948 and 90 percent occupied, the property consists of 10 two bedroom/one bathroom units. Colliers’ Han Widjaja represented both the buyer, Raymond Chen, and the seller, Mee Ching Goh, in the transaction.
SAN DIEGO — Cushman & Wakefield has brokered Appreciated Property Holdings LLC’s $1.6 million purchase of a 2,500-square-foot retail building in San Diego’s historic Gaslamp Quarter. The buyer plans to use the property, which is located at 520 Fifth Ave., as a women’s clothing boutique. Cushman & Wakefield’s Mike Morgan represented both Appreciated Property Holdings and the seller, Joseph Filippi Jr. Trust, in the transaction.
LAS VEGAS — Vdara Hotel & Spa has opened at CityCenter on the Las Vegas Strip. Located directly adjacent to ARIA Resort & Casino and physically connected to Bellagio, the all-suite hotel and spa, the first to open at CityCenter, is designed for those who enjoy the excitement of Las Vegas but prefer an exclusive, non-gaming, smoke-free environment.
LOS ANGELES — In conjunction with Irvine, Calif.-based LPA Inc., McCarthy Building Companies Inc. will design-build a $79.9 million athletic complex at West Los Angeles College. Located on 20.5 acres, the athletic complex will include a main gymnasium facility; a fitness, recreation and aquatic center; a baseball park; and fields for soccer, baseball and softball. Part of the Los Angeles Community College District’s Sustainable Building Program, which is funded through Proposition A/AA and Measure J, the complex construction will strive for LEED Platinum certification.
NOGALES, ARIZ. — The 65-room Best Western Sonora Inn and Suites has opened at 750 W. Shell Rd. in Nogales. Owned by Tom Bhakta, the brand-new, non-smoking hotel offers amenities such as an outdoor heated swimming pool, a hot tub, a fitness center and a guest laundry facility. Located near the Mexico border, Best Western Sonora Inn and Suites will celebrate its grand opening today.
SANTE FE SPRINGS, CALIF. — Colliers International and CB Richard Ellis have negotiated THARCO’s 261,910-square-foot industrial lease renewal across three buildings in Santa Fe Springs. The tenant plans to occupy the buildings for the duration of the 40-month lease, which expires in March 2013. Colliers’ Adam Deierling and CBRE’s Chris Ehrlich, Mark Latimer and Mark Baranick represented THARCO in the transaction.
HUNTINGTON BEACH, CALIF. — Whole Foods Market will occupy the 32,000-square-foot former Circuit City space at the 800,000-square-foot Bella Terra retail center in Huntington Beach. Redesign plans are in the works for both the exterior and interior of the building, with completion scheduled for fall 2010.
WELLTON, ARIZ. — CDC Commercial has brokered the $1.96 million purchase of a Jack in the Box fast-food restaurant located at 28882 Commerce Way in Wellton. Represented by CDC Commercial’s Don Zech, Jimenez 1987 Family Trust purchased the approximately 2,654-square-foot, freestanding building from Delaware-based Jack in the Box Inc. in a 1031 exchange. Brent Hensley of Net Leased Real Property represented the seller.
SAN DIEGO — Apartment Consultants Inc. has brokered the $1.75 million acquisition of a 24-unit studio apartment building located at 1541 8th Ave. in downtown San Diego. ACI’s Terry Taylor represented Scott Smith in his purchase of the property from Ralph Garner, who was represented by Allan Frostrom of Mission George Realty.