HENDERSON, NEV. — The Bellevue Apartments LLC has acquired Wood Creek Villas, a 75-unit multifamily property located at 6551 Annie Oakley Dr. in the Green Valley area of Henderson. The sellers, Donia Family LP and Donia Investments LP, sold the property for $7.5 million. Patrick Sauter and Bonnie Densmore of The Sauter Companies brokered the transaction.
LOS ANGELES — Greg Bassirpou of Marcus & Millichap represented both undisclosed parties in the disposition and acquisition of a nine-unit apartment property in Los Angeles. Located at 3250 Andrita St. and built in 1988, the property sold for $1.145 million.
PATTERSON, CALIF. — McShane Development Company/MetLife Real Estate Investments has completed the construction of the 529,970-square-foot, phase-one distribution facility at co-developer’s KeyStone West Business Park in Patterson. The facility features 120 docks, 32-foot clear height, 52-foot by 50-foot bays and parking for 90 truck trailers and 348 vehicles. The 123-acre industrial park has been designed for the development of two additional industrial facilities from 125,000 square feet to 1.6 million square feet. McShane Construction Company’s Irvine, Calif., office and Ware Malcomb provided design/build services for the project.
CENTURY CITY, CALIF. — Newmark Realty Capital Inc. has arranged an $88 million loan for an office tower, which is located at 1900 Avenue of the Stars in Century City. The 27-story tower offers 600,000 square feet of office space. George Mitsanas, Monique Monzon and Peter Hillakas of Newmark Realty Capital Inc. secured the financing. Specific terms of the loan were not disclosed.
LAS VEGAS — CORE Construction—Nevada, serving as general contractor, has broken ground on the Ralph and Betty Engelstad School of Health Sciences, which is located at 6375 W. Charleston Blvd. on the campus of the College of Southern Nevada. The 10,000-square-foot facility will house the college’s Cardiorespiratory Sciences Program. The $3.99 million project is slated for completion in June 2010. SH Architecture is providing architectural services for the project.
LAS VEGAS — Las Vegas-based Crisci Builders, acting as general contractor, has broken ground for the construction of phase one of Par 3 Landscape and Maintenance’s new facility at 4610 N. Wynn Rd. in Las Vegas. The first phase consists of a 28,603-square-foot industrial project, with approximately 16,000 square feet allotted for a material recovery facility and 11,703 square feet for the maintenance portion. The second phase will consist of a two-story, 12,000-square-foot office building. Naples Wynn LLC contracted Crisci Builders for the project. The first phase is scheduled for completion in May, with the second phase slated for completion in winter 2009. Jam Design Studios is the architect of record for the $2.8 million project.
SEATTLE — Seattle-based West Lee LLC has purchased The Max, a 30-unit apartment community in Seattle, for $7.1 million or $236,667 per unit. Bellevue, Wash.-based Maxville Partners LLC sold the property, which is located at 8520 Evanston Ave. in Seattle. Kenny Dudunakis, John Shaw, Josh Blake and Heather Wade of Hendricks & Partners’ Seattle office represented the seller in the transaction.
GILBERT, ARIZ. — An undisclosed Southern California-based limited liability company has acquired a Wal-Mart Marketside Grocery Store, which is located at 838 W. Elliot Rd. in Gilbert. The 14,841-square-foot property sold for $4.59 million or $310 per square foot. Dave Wetta of Marcus & Millichap’s Phoenix office represented the buyer; Kevin Boeve and Lior Regenstreif, also of Marcus & Millichap, represented the undisclosed seller in the transaction.
CERRITOS, CALIF. — China-based Winco DWL Industries Co. has acquired a 44,172-square-foot industrial building, which is located at 12765 166th St. in Cerritos, for $4.8 million. The property features 3,638 square feet of office space, ample parking and immediate access to freeways 5 and 91. The buyer, which manufactures and imports kitchenware and tableware to restaurants and chefs worldwide, plans to use the property to house its West Coast distribution operations. Jonathan Fan of RE/MAX 2000 represented the buyer; Clyde Stauff of Colliers International represented the seller, Button Family Trust, in the transaction.
BREA, CALIF. — Gary Griggs and Brett Cervantes of Marcus & Millichap have completed the disposition and acquisition of North Hills Professional Plaza, an 11,800-square-foot office complex. Located at 255 W. Central Ave. in Brea, the property sold for $2.6 million. Built in 1997, the two-story property was 100 percent occupied at the time of acquisition to eight medical and professional tenants. The seller and buyer were not disclosed.