MISSION VIEJO, CALIF. — McCarthy Building Cos. Inc. recently completed construction of the $153 million Patient Care Tower at Mission Hospital at the southeast corner of Crown Valley Parkway and Medical Center Road in Mission Viejo. Designed by Los Angeles-based RBB Architects Inc., the new four-level patient tower features a patient-centered design along with next-generation advancements in healthcare technology and seismic building safety. McCarthy also built an underground tunnel and a 175-foot-long pedestrian bridge that connects the new facility with the main hospital building on the third floor.
Western
RIVERSIDE, CALIF. — The 250,000-square-foot Regency Tower, developed by Silagi Development & Management and constructed by Snyder Langston, has been completed. Located at 3960 Orange St. in downtown Riverside, the 10-story, build-to-suit office building over a three-level underground garage will be occupied by the County of Riverside. Irvine, Calif.-based Langdon Wilson, the project architect, designed Regency Tower for LEED certification.
CALEXICO, CALIF. — Hanley Investment Group Real Estate Advisors has brokered Calexico Retail Associates LLC’s $5.2 million sale of the fee-simple ownership in the land leased to a single-tenant building occupied by Forever 21 at 1113 Imperial Highway West in Calexico. Represented by Ace Realty’s Bryan Sung, the buyer, John Choi of Los Angeles, purchased the property in an all-cash transaction to fulfill a 1031-exchange requirement. Carlos J. Lopez of Hanley Investment Group represented the seller in the transaction.
CITY OF INDUSTRY, CALIF. — Marking the largest industrial building leased in Los Angeles and Orange counties this year, Colliers International recently finalized Unical Aviation’s reservation of a 467,119-square-foot building located at 680 S. Lemon Ave. in City of Industry. The building will serve as the corporate headquarters and warehouse for Unical. Colliers International’s Steven Bellitti, Thomas Taylor and Chris Sheehan represented both the tenant and the landlords, Cardinal Capital Partners and Benenson Capital Partners, in the transaction.
ANAHEIM, CALIF. — Voit Real Estate Services has brokered the $4.3 million sale of a 65,000-square-foot industrial building located at 5410 E. La Palma in Anaheim. The bank-owned property sold to Pinnacle Precision Sheet Metal in an all-cash transaction. Voit’s Rob Socci represented both the buyer and the seller.
SAN FRANCISCO — Marcus & Millichap has brokered the $3.15 million sale of a 14,342-square-foot mixed-use property located at 1007-1017 Valencia St. and 3285-3287 21st St. in San Francisco. Constructed in 1900, the property consists of six one-bedroom/one-bath units, two two-bedroom/one-bath units and six commercial units. Marcus & Millichap’s Brad Lagomarsino and James Devincenti represented both the seller, a partnership, and the buyer, a private investor.
SAN DIEGO — Cushman & Wakefield has negotiated San Diego County’s largest industrial lease since 2006 with Mor Furniture For Less’ 10-year, 199,359-square-foot signing in Brown Field Business Park, located at 7757 St. Andrews Ave. in San Diego. Financial terms were not disclosed. Cushman & Wakefield’s Eric Northbrook and Sean Williams represented the lessee, and the firm’s Charles Adolphe and Bryan Teel represented the lessor, Brown Field Business Park LP.
INDIAN WELLS, CALIF. — Stoneridge Capital Partners has acquired The Village at Indian Wells from A&B Properties Inc. in a $20 million all-cash transaction. Located at the corner of Cook Street and Highway 111 in Indian Wells, The Village at Indian Wells is a 104,600-square-foot retail center anchored by a Ralph’s Fresh Fare and CVS/pharmacy. CB Richard Ellis’ Sam Alison represented A&B Properties Inc. in the sale of the property; Newport Beach, Calif.-based Stoneridge did not use broker representation.
BEVERLY HILLS, CALIF. — Coldwell Banker Commercial WESTMAC has brokered FH Distributors’ $3.6 million sale of a 4,000-square-foot office building, located at 193 N. Robertson Blvd. in Los Angeles. Built in 1951 and 100 percent occupied by two tenants at the time of sale, the two-story boutique office building was used as the exterior setting for Townsend Investigations in the popular T.V. show “Charlie’s Angels,” which ran from 1976 to 1981. Coldwell Banker’s Bill Althouse, T.C. Macker and Michael Rojas represented the seller, and Kim Capobianco of Re/Max represented the buyer, So Nice LLC.
REDMOND, WASH. — Gary Merlino will develop a new 32,000-square-foot medical office facility in Redmond for Evergreen Healthcare’s family practice, urgent care and radiology clinic operations. Seattle-based CollinsWoerman is the design firm, and Sellen Construction is the contractor on the project, which is expected to begin in the spring and be completed in summer 2011. The three-story, Class A medical office building will occupy the site of the former Gray Barn Nursery at the corner of state Route 202 and Northeast 90th Street in the Bella Bottega shopping center.