EL CAJON, CALIF. — San Diego-based Gafcon Inc., a construction and management consulting firm, has started construction on a new $40 million Public Safety Building in El Cajon. Proposition O, a half-cent sales tax, is funding the 119,400-square-foot property. The five-story building will include administrative and operational space for all divisions, a joint police and fire emergency operations center, a community meeting room, a communications center, an indoor firing range, a crime laboratory, property processing and storage area, a short-term custody facility and a central data center. The project is scheduled for completion in June 2011. KMA Architecture & Engineering was selected as the primary architect in partnership with McClaren, Wilson & Lawrie. Ledcor Construction is serving as general contractor for the project.
Western
GILBERT, ARIZ. — Hendricks & Partners has brokered the sale of Sky View Ranch, which is located at 4632 East Germann Rd. in Gilbert, for $17.5 million. The 232-unit property is a Class A apartment complex consisting of 11 three-story buildings with one-, two-, and three-bedroom units. The seller was Fairfield Skyview Ranch L.P., and the buyer was Mid-America Apartments, L.P. Mark Forrester and Bob Bruno of Hendricks’ Phoenix office negotiated the transaction on behalf of the seller.
HAYWARD, CALIF. — Jay Hagglund and Eddie Shuai from NAI BT Commercial Oakland along with Ted Carpenter of Carpenter Associates have represented Barbaria Commercial Properties LLC in the sale of a 65,287-square-foot light industrial/warehouse building. Located at 30680 Huntwood Ave. in Hayward., the property went for $3.5 million and the building was completely vacant at the time of the sale. The buyer, Jason Kim, dba Pinnacle Printing, will use the facility as its new printing headquarters.
PEORIA, ARIZ. — Deerfield, Ill.-based Sherman Residential has acquired Alexan Paradise Lane, a 240-unit luxury apartment community in Peoria, for $21.5 million. Located at 8092 W. Paradise Lane, the 247,960-square-foot property features a state-of-the-art athletic center, a business center with Wi-Fi access, a clubhouse and a heated resort-style swimming pool with spa. Units feature spacious floorplans, 9-foot ceilings, contemporary kitchens with black appliances, faux granite countertops, tile entryways and full-size washers/dryers. Tyler Anderson and Sean Cunningham of CB Richard Ellis’ Phoenix office represented the seller, a joint venture between Phoenix-based Trammell Crow Residential and Opus West Corp.
AUBURN, CALIF. — Germany-based Miltenyi Biotec has purchased a 60,000-square-foot freestanding flex building for an undisclosed price. The property is located at 2303 Lindbergh St. within the Auburn Airport Business Park in Auburn. Miltenyi Biotec specializes in cell biology, immunology, regenerative medicine and molecular biology. The seller was The Abbey Company.
HENDERSON, COLO. — Brighton Road Investments has acquired the TCI/Michelin building, which is located at 9156 Brighton Rd. in Henderson. North South Properties of Hartsville sold the facility for $3.4 million. The 27,000-square-foot property, which was built-to-suit for TCI/Michelin, features retail, office and industrial space. TCI/Michelin currently occupies the space with 5 years remaining on its lease. Russ Agnew with Pinnacle Real Estate Advisors represented the buyer; Justin Krieger and Rob Edwards, also of Pinnacle Real Estate Advisors, represented the seller in the transaction.
LOS ANGELES — Paul Darrow and Ronald Harris of Marcus & Millichap represented the undisclosed seller in the disposition of Melrose Apartments in Los Angeles. Located at 4266 Melrose Ave., the 20-unit property sold for $1.26 million. Built in 1921, the property features 19 studio units and one one-bedroom/one-bath unit. The buyer was not disclosed.
DENVER — Kyle Malnati of Pinnacle Real Estate Advisors represented the seller, Metropia Park West LLC, in the disposition of Park West Condominiums in Denver. Located at 1536 Williams St., the property features 10 one-bedroom/one-bath units and two studio units. Serving as a qualified intermediary for Lesia Anders, The 1031 Exchange Experts purchased the property for $1.06 million.
LOS ANGELES — Geulah Investments LLC has completed the disposition of a 38,000-square-foot former medical office building, which is located within the Miracle Mile at 6317 Wilshire Blvd. in Los Angeles. 6317 Wilshire LLC purchased the property for $7.4 million. The company plans to convert the asset into a boutique hotel offering a rooftop pool, a restaurant and bar, and a spa. Jonathan Ahron and David Aschkenasy of Charles Dunn Co. represented the buyer in the transaction.
LOS ANGELES — An undisclosed developer has acquired Temple Union Apartment Homes, a 52-unit apartment property in Los Angeles. Located at 330 N. Union Ave., the property sold for $2 million. The REO offering consists of seven parcels of land totaling 37,432 square feet with approved entitlements for 52 apartment homes. Paul Darrow and Ronald Harris of Marcus & Millichap’s Los Angeles office represented both parties in the transaction. The seller was not disclosed.