SAN DIEGO — Oliver McMillan has completed the development of The Lofts at 707 Tenth Avenue, a residential building located on G Street in San Diego’s East Village neighborhood. The eight-story, 137,700-square-foot building features urban lofts situated above street-level retail and live/work space, as well as underground parking. Austin Veum Robbins Partners and KMA Architectural & Engineering provided architectural services for the project; DPR Construction served as general contractor.
CHINO HILLS, CALIF. — Long Beach, Calif.-based GAS Distomo Inc. has acquired Crossroads Entertainment Center, a 90,879-square-foot regional retail center located at 3060, 3070 and 3090 Chino Ave. in Chino Hills. Los Angeles-based 26 Del Sur Crossroads I LLC sold the property for $25.52 million. Situated on 10.54 acres, the property is anchored by an 18-screen Harkins Theatres. At the time of acquisition, the property was 98 percent occupied. Mitch Rosen of Commercial Real Estate Services represented the buyer; Donald MacLellan and Nick Coo of Faris Lee Investments represented the seller in the transaction.
VANCOUVER, WASH. — Northbrook, Ill.-based Pine Tree Commercial Realty has signed five new retailers for Hazel Dell Towne Center, a 400,000-square-foot power center located in Vancouver. The new tenants include Lane Bryant’s 5,000-square-foot lease; a 3,525-square-foot deal for America’s Best Optical; CitiFinancial’s 1,495-square-foot space; Max Muscle’s 1,200-square-foot lease; and a flagship 3,500-square-foot Balasana Yoga Studio. Kohl’s, Best Buy, Office Depot, Bed Bath & Beyond and Party City anchor the center, which was completed in 2007. Pine Tree co-owns the center with Henderson Global Investors.
CORONA, CALIF. — Scott Hook of Marcus & Millichap represented the seller, a California-based developer, in the disposition of Citrus Village II in Corona. Located at 2310 California St., the 6,000-square-foot property sold for $2.9 million or $483 per square foot. The strip retail building is anchored by Wal-Mart.
CARSON CITY, NEV. — An affiliate of Bronx, N.Y.-based Laub Realty has acquired Eagle Medical Center in Carson City in a sale-leaseback transaction. The 73,975-square-foot medical office property sold for an undisclosed price. The seller was Eagle Medical Center LLC. Dominic Brunetti, Scott Shanks and Scott Beggs of NAI Alliance brokered the transaction on behalf of the seller.
LOS ANGELES — IDS USA, an integrated distribution services provider, has signed a lease for AMB Galleano, a distribution center located in the Inland Empire West submarket of Los Angeles. The company plans to use the more than 645,000-square-foot facility for consolidation and expansion of its Los Angeles-based operations. Steve Sperber, John Isaacs, Walt Chenoweth and Frank Geraci of CB Richard Ellis represented IDS USA; Tim O’Rourke and Mike Fowler of Jones Lang LaSalle, along with Mike McCrary of Colliers International, represented the owner, AMB Property Corp., in the transaction.
UNIVERSITY PLACE, WASH. — Brandon Grishman of Marcus & Millichap has brokered the sales of two multifamily properties in University Place. In the first transaction, an undisclosed buyer acquired WestWind Apartments, a 32-unit multifamily property located at 7623 27th St. W. The six-building property sold for $2.72 million. The community’s units feature washers/dryers, refrigerators, dishwashers, ranges and large decks or patios. The seller was not disclosed. In the second transaction, the 22-unit Windsor Square Apartments sold for $1.29 million to an undisclosed buyer. Located at 7703 27th St. W., the three-building property offers units with refrigerators, ranges and decks/patios. The seller was undisclosed.
SAN BERNARDINO, CALIF. — Interline Brands Inc. has leased 141,650 square feet of distribution space in Westgate Building One at AllianceCalifornia, a 2.6 million-square-foot business development in San Bernardino. Located at 310 S. Tippecanoe St., the property will house a regional distribution center for Interline Brands. John McDaniel of Dallas-based Mohor Partners represented the tenant; Peter McWilliams, Ruben Goodsell and Michael McCrary of Colliers International represented the landlord, Hillwood, a Perot company, in the transaction.
LAS VEGAS — Contractor George Gekakis has begun construction of the 77-unit McKnight Senior Village II, the second phase of the 110-unit senior-living development. The property is located at 651 McKnight St. in Las Vegas. The new units will be housed in a four-story building on 2.14 acres of land. Amenities will include a 7,000-square-foot clubhouse, fitness center, craft room, health club and a full kitchen. McKnight Senior Village is being constructed to EnergyStar specifications. Delivery is slated for 2010.
CALIFORNIA — Alex J. Katz and Shana Klisanin of Meridian Capital Group’s Los Angeles office have secured a more than $27 million loan for an 11-property multifamily portfolio. The apartment complexes, which encompass 395 units, are located in Southern California. The non-recourse loan carries a 5.6 percent fixed interest rate for 10 years.
