ALISO VIEJO, CALIF. — Quest Software has secured a $34 million loan for a cash-out refinance of its two-building headquarters. Located in Aliso Viejo, the buildings total 168,703 square feet. Two lenders — a Midwest-based bank and a California-based bank — funded the fixed-rate loan, which carries a 25-year amortization schedule and a 70 percent loan-to-value ratio. Bruce Krall of Cohen Financial’s Newport Beach, Calif., office secured the deal.
MOAB, UTAH — Walker & Dunlop has secured a $29.85 million loan for the construction of a 17-bed hospital in Moab. The property will replace an existing facility, which was built in 1957. The Federal Housing Administration’s Hospital Mortgage Insurance Program provided financing for the loan, which comes with a 16-month interest-only period and a 25-year amortization.
SCOTTSDALE, ARIZ. — Arizona-based Mesquite Corporate Partners has sold the 79,537-square-foot Mesquite Corporate Center to Mesquite Partners I of Colorado for $10 million. Located at 14646 N. Kierland Blvd. in Scottsdale, the property is currently 67 percent leased. Barry Gabel and Mindy Korth of CB Richard Ellis’s Phoenix office represented the seller. Justin Lutgen and Nate Schnabel of Denver-based DPC Development Co. represented the buyer.
REXBURG, IDAHO — A Utah-based private investor has purchased the 63-unit Mountain Pines Apartments from an undisclosed party for $5.5 million. The property, located across the street from Brigham Young University-Idaho at 129 Viking Dr. in Rexburg, can house 378 students. Daniel Shin and Michael Beckstead of Marcus & Millichap’s Salt Lake City office represented the buyer.
SANTA ANA, CALIF. — Advanced Real Estate Services Inc. has acquired The Court at Artists Village, a multifamily property located at 301 W. 2nd St. in Santa Ana, for $23.6 million or $120,408 per unit. The 193,856-square-foot property features 196 units, 12,222 square feet of ground-floor retail shops and 1,412 square feet of storage and office space. At the time of acquisition, the residential portion was 86 percent occupied and the retail portion was 25 percent occupied. Ron Harris of Marcus & Millichap represented the seller, a joint venture between BlackRock Realty and a private investment firm, in the transaction.
CYPRESS, CALIF. — Secaucus, N.J.-based Empire Warehouse & Distribution has signed a 5-year lease for 235,000 square feet of industrial space at 6550 Katella Ave. in Cypress. The company plans to occupy the facility in October. The lease is valued at more than $6 million. David Bales and Don Smith of Lee & Associates represented the tenant; Cushman & Wakefield represented the landlord, Colony Partners, in the transaction.
FONTANA, CALIF. — Recall Information Systems has leased 169,732-square-foot industrial building, which is located at 7875 Hemlock Ave. in Fontana, for $5.65 million. The lease was valued at $5.65 million. Greg Lance of Equis represented the tenant; Mark Zorn and Tal Siglar of DAUM Commercial Real Estate Services represented the landlord, Newport Beach, Calif.-based Alere Property Group, in the transaction.
DENVER — NorthMarq Capital has arranged $16 million in permanent financing for the Enclave at Belleview Station, which is located at 4400 S. Monaco St. in Denver. Built in 1992, the property consists of 11 three-story buildings offering 238 apartment units. Additionally the community features 100 garage spaces, a clubhouse, a heated swimming pool, a spa, a picnic/BBQ area, a business center and a fitness center. Apartment units feature gourmet kitchens with wood flooring, wrap-around balconies in select units, cherry cabinetry, stainless steel appliances, dishwashers, built-in microwaves and track lighting in the kitchen. Steve Koeneke and Chris Williams arranged the financing for the borrower, Giffis Premium Apartment Fund LLC.
TUCSON, ARIZ. — QuickTrip Corp. has purchased 2.6 acres of land at 5154 E. Speedway in Tucson for the development of a new store. The property sold for $1.32 million. Doug Wright of Commercial Investors Realty represented the purchaser; Steve Cohen of PICOR Commercial Real Estate Services, a Cushman & Wakefield Alliance Member, represented the seller, Don Medoff, in the transaction.
SAN DIEGO — San Diego-based Bilbro Construction Co. has been selected for a Naval Engineering Command (NAVFAC) Southwest firm fixed-price, indefinite-delivery/indefinite-quantity (IDIQ) multiple award construction (MACC) contract for new construction and renovation of general building construction throughout California and Arizona. Bilbro is one of eight contractors selected from a pool of 46 firms that competed for the $750 million design-build MACC contract. The work includes design, new construction, renovation and repair for industrial, commercial and institutional buildings and infrastructure projects at sites throughout the Southwest.