LOS ANGELES — Ryan Noto Ventures has purchased a 14,270-square-foot building from Seward Property Investments for $4.3 million. The property is located at 712 Seward St. in Los Angeles. Klabin Co./CORFAC International’s Keith Fielding represented the buyer, and Grubb & Ellis’ Martin McDermott represented the seller.
PHOENIX — Eagle Distributing has sold a 20,193-square-foot warehouse to Autoline Industries for $1.7 million. The property is located in Phoenix’s Sunrise Business Park at 115 N. Sunway Dr. Kris Martin of Grubb & Ellis|BRE Commercial represented Eagle Distributing; Joe Cryan of NAI/Horizon represented the buyer.
LOS ANGELES — New Keap Investments has received a $4.64 million loan to refinance its 98-unit Oliver Cromwell apartment complex. The property, which was built in 1927, is located in the Koreatown district of Los Angeles. The 10-year loan carries a 30-year amortization schedule. Yuri Kletsman of Alliant Capital’s New York City office secured the loan.
WOODLAND HILLS, CALIF. — Los Angeles-based Younan Properties Inc. has acquired WarnerView Corporate Center in Woodland Hills for an undisclosed price. Located at 5959 Topanga Canyon Blvd., the three-story, 62,000-square-foot office property is currently 93 percent occupied. Younan Properties first purchased the building in 2004 and sold it less than 12 months later to Value Home Loan. Younan Properties was self-represented in the transaction.
MARINA, CALIF. — Buena Vista Land Co. has acquired Colonial Manor Apartments, a 44-unit multifamily property located at 3340 Del Monte Blvd. in Marina. Salinas Property Management sold the property for $5 million or $113,600 per unit. The property consists of seven apartment buildings offering 44 two-bedroom units averaging 900 square feet each. Wylie Mitchell and Daniel Vorhies of NAI BT Commercial represented the seller in the deal.
HOLLYWOOD, CALIF. — William Holdings Inc. has completed the disposition of Carlton Way Apartments, a 30-unit multifamily property located at 6021-6029 Carlton Way in Hollywood. 6021 Carlton Way LLC purchased the 23,957-square-foot property for $4.05 million. Built in 1963, the property consists of a mix of three-, two- and one-bedroom units. David Condon of NAI Capital’s West Los Angeles, Calif., office represented the seller in the transaction.
GILBERT, ARIZ. — Jackson Property Group has purchased an industrial building, which is located at 115 N. Sunway Dr. in Gilbert. The 20,193-square-foot property sold for $1.7 million. Mark Wilcke, Joe Cryan and Tysen Manuel of NAI Horizon represented the buyer; Kris Marin of Grubb & Ellis represented the seller, the estate of Scott W. Hevle, in the transaction.
MILPITAS AND FREMONT, CALIF. — Newmark Realty Capital Inc. has arranged permanent financing for two multi-tenant, triple-net leased retail properties in the East Bay area. Terri Slocombe of Newmark secured the financing through The Standard for Dempsey Plaza in Milpitas and Irvington Plaza in Fremont. The 16,268-square-foot Dempsey Plaza, which is located at the intersection of Interstate 680 and Landess Avenue, received $1.2 million in permanent financing. Irvington Plaza, a 21,000-square-foot center, received $1.4 million in financing.
SAN FRANCISCO — The South San Francisco Planning Commission has approved Centrum Properties’ SFO Logistics Center project, which is located in South Francisco. The $23 million upgrade and modernization will convert the property into a premier distribution and light industrial facility. The project will generate 1,070 permanent jobs, including 750 newly created jobs, and 224 construction and related jobs. The center is situated on 26 acres with easy access to three major freeways and the San Francisco International Airport. Construction is expected to begin in the fall with completion slated for early 2010. The developers are pursuing LEED certification for the project.
TIGARD, ORE. — Salem, Ore.-based City County Insurance Services has purchased a 13,563-square-foot office property, which is located at 11625-11675 S.W. 66th St. in Tigard. Lake Oswego, Ore.-based Haines Building LLC sold the property for $2.25 million. Trevor Kafoury, Jason Green and Kevin Kaufman of CB Richard Ellis represented the buyer; Chris Johnson, Charlie Floberg of Norris, Beggs & Simpson represented the seller.