PORTLAND, ORE. — Tonkon Torp LLP has signed an extension of its 62,000-square-foot Class A office lease with General Growth Properties at Pioneer Tower in downtown Portland and will also expand onto a whole new floor. MulvannyG2 Architecture will provide space-planning and interior-design services for Tonkon Torp’s headquarters expansion project. The first phase of construction will begin in February in the existing two-floor space, while the second, expansion phase will start in June 2010, with final occupancy set for August 2010.
Western
NORTH HOLLYWOOD, CALIF. — Rick Raymundo of Marcus & Millichap has negotiated the $1.7 million purchase of a 22-unit apartment complex located at 6733 Bakman Ave. in North Hollywood. He represented 6733 Bakman LLC in its purchase from Jermo LLC, which Raymundo had sold the property to in 2007.
RICHMOND, CALIF. — The first phase of the Richmond Civic Center’s $91 million revitalization has been completed. It included the renovation of City Hall, the Hall of Justice and the combination Civic Auditorium/Art Center. Designed by Los Angeles-based Nadel Architects, the project is being led by Richmond Civic Center Partners LLC, a design-build partnership consisting of Alliance Property Group and Wasatch Advantage Group LLC. Phase II will include a brand-new, 80,000-square-foot Public Safety Building, and Phase III will feature mixed-use development consisting of market-rate and affordable housing, office space, and ground-level retail located along the MacDonald Avenue corridor.
RIVERSIDE, CALIF. — Barnhart-Heery has broken ground for an $85 million School of Nursing and Science/Math Complex at Riverside City College in Riverside. The complex will feature a two-story, 37,000-square-foot nursing facility and a four-story, 88,000-square-foot science/math building. The project encompasses 26 total classrooms, 12 lecture halls, 12 laboratories, two teleconference rooms, a Cyber Café, a Healing Garden, and faculty and administrative offices. Irvine, Calif.-based gkkworks has designed the complex to be LEED certified.
CITY OF INDUSTRY, CALIF. — Lee & Associates brokered the $5.6 million sale of a 53,964-square-foot industrial property located at 528-538 S. 6th Ave. in City of Industry. Built in 2003, the property comes equipped with eight dock-high doors, 24’ ceiling clearance and a large fenced yard. Lee & Associates’ Jeff Bethel and Michael Lee represented the local buyer, Richwell Property Management LLC, and Bethel represented the seller, Catesgarb Holdings Inc., a local real estate investment company.
CERRITOS, CALIF. — The Abbey Company has acquired the 465,000-square-foot Cerritos Corporate Center, a commerce park consisting of seven multi-tenant office and industrial buildings located in Cerritos. Currently 97 percent leased to 11 tenants, the property was sold by an institutional owner to The Abbey Company in an all-cash transaction. The Abbey Company’s Kurt Kaufman presided over the company’s acquisition process.
VANCOUVER, WASH. — NAI Norris, Beggs & Simpson has brokered Spears Real Estate LLC’s $8.275 million purchase of the 108,625-square-foot Quad 205 Business Park in Vancouver. Built in 1983, the four-building Quad 205 complex offers easy access to Interstate 205. The buyers, who are local private investors, were represented by NAI’s Denis O’Neill and Steve Dodds.
DEMING, N.M — Dallas-based Skiles Group has started construction on additions to Mimbres Memorial Hospital in Deming. Designed by Arlington, Texas-based Ascension Group Architects, the $5.3 million project includes a 16,000-square-foot addition for new operating and emergency departments. Construction on the property, which is owned by Tennessee-based Community Health Systems, is scheduled for completion in June 2010.
AURORA, COLO. — Northstar Commercial Partners (NCP) has acquired the 6-story, 204,019-square-foot Cherry Creek Place II, located at 3190 S. Vaughn Way in Aurora. Cushman and Wakefield’s Mike Winn, Tim Richey and Chad Flynn represented the undisclosed seller in the transaction.
SAN DIEGO — Kaiser Permanente has purchased a six-story, 175,000-square-foot building at Sudberry Properties’ Class A, LEED Silver-certified Terraces at Copley Point office campus in the Kearny Mesa neighborhood of San Diego. Located just off Interstate 805 and Highway 52, the two-building, 380,000-square-foot campus includes an adjacent three-story parking structure that can accommodate 1,073 cars.