BROOMFIELD, COLO. — Aimbridge Hospitality and Broomfield Lodging LLC, a wholly owned entity of Wiens Enterprises LLLP, has opened aloft Broomfield Denver. Located at 8300 Arista Pl. in Broomfield, the 139-room hotel is the first aloft Hotel in Colorado. The 92,387-square-foot hotel features 7,555 square feet of meeting space and is situated over 11,000 square feet of main street retail space, which features a 5,300-square-foot Kevin Taylor Group restaurant. The property is owned by Broomfield Lodging LLC. Aloft Hotel is the urban lifestyle brand of Starwood Hotels & Resort Inc.
Western
POWAY, CALIF. — The Poway Unified School District and Barnhart Inc. have completed the $9.2 million renovation of Rolling Hills Elementary School in Poway. The renovation included the administration building, four classroom buildings, the library, a multi-purpose building, six permanent portable buildings, construction of a new kitchen building and installation of new electrical services. Located at 15255 Penasquitos Dr., the school was built in 1978. Funding for the project was provided by Bond Measure C, which was passed in February 2008. NTD Architecture provided architectural and design services for the project.
CARLSBAD, CALIF. — Locally owned Barker Family Trust has completed the disposition of two multifamily properties in Carlsbad. Glenn L. Goldman Family Trust, also of Carlsbad, purchased the properties for a combined total of approximately $3.16 million. The nine-unit Oak Villa Apartments, which is located at 3095 Harding St., sold for $1.34 million; and the 13-unit Jefferson Apartments, which is located at 3110-3132 Jefferson St., sold for $1.82 million. David Andrews of Hendricks & Partners’ San Diego office represented both parties in the transaction.
VICTORVILLE, CALIF. — Stirling Capital Investments has finished construction on the 1 million-square-foot Distribution Centre 1 at the Southern California Logistics Centre, a LEED-certified building that is part of the center’s initial phase. Spread across 300 acres in Victorville, phase one of the center calls for 6.5 million square feet of industrial space. Two million square feet of space has been built. The newly completed warehouse boasts 32-foot clear height, 179 dock doors and ESFR sprinklers. Green features include reduced-flow fixtures and energy-efficient HVAC and lighting systems.
CHEYENNE, WYO. — The Australian REIT Centro Properties has sold the 155,022-square-foot Cheyenne Plaza shopping center to Denver-based Perry & Associates for $6.75 million. Located at 3501-3773 E. Lincoln Way in Cheyenne, the property is 81 percent leased. Tenants include Dollar Tree, Big Lots and Rent-A-Center. Cushman & Wakefield of Colorado represented the seller.
DENVER — 6143 South Willow LLC has purchased the 46,368-square-foot Orchard One office building from Orchard One LLC for $4.37 million. Orchard One is located in the Denver Technological Center at 6143 S. Willow Dr. in Denver. Current tenants in the office building, which is 96 percent occupied, include CIS Insurance Group, Lang & Co., M&T Bank and Charter Financial Resources. David Shapiro of Transwestern represented the buyer.
VENICE, CALIF. — Sperry Van Ness has brokered the sale of The Venice Rose, a 24-unit apartment building, between two undisclosed parties for $3.8 million in cash. The property, located at 15 Rose Ave. in Venice, was constructed in 1908. The Venice Rose encompasses 13 single units, nine one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Kevin N. Sabin and Lev Galitzin of Sperry Van Ness’ Los Angeles office represented the seller.
CHANDLER, ARIZ. — Marty Meagher and Gardiner Champlin of NorthMarq Capital’s San Diego office have secured a $13.72 million loan for the 272-unit Waterside at Ocotillo apartment complex. The property is located at 4800 S. Alma School Rd. in Chandler. The 10-year loan carries a 30-year amortization schedule. AmeriSphere Multifamily Finance provided financing through Fannie Mae.
SAN DIEGO — Construction is complete for Liberty Station Building 902, which is located at the former Naval Training Center at 2305 Historic Decatur Rd. in San Diego. The three-story, 109,102-square-foot building is the seventh and final building in Liberty Station’s office district. The $10.3 million project was designed by KMA Architecture & Engineering to obtain LEED Gold certification. The building features arched windows, stucco walls and clay-tiled roofs. BYCOR served as general contractor for the project.
ANAHEIM, CALIF. — Birtcher Development & Investments has formed a joint venture with Cornerstone Real Estate Advisors LLC to acquire a 21.6-acre land parcel for the development of Northgate Gonzalez Market Support Center. Located at 1201 North Magnolia Ave. in Anaheim, the 375,000-square-foot warehouse and distribution center will be fully occupied by Northgate Gonzalez Market. The project, which features Spanish-influenced architecture, is striving for LEED certification. Construction is slated to begin in fourth quarter 2009 with completion expected in 2010.