LAS VEGAS — Las Vegas-based Danoski Clutts Building Group has completed construction of shell buildings for the Desert Marketplace, which is located on the southeast corner of Durango and Warm Springs in Las Vegas. The second phase of the project included two shell buildings totaling 95,000 square feet. Construction on the third building is currently underway. The $5 million project is currently anchored by Big 5, PetCo and TJ Maxx/HomeGoods.
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ALAMEDA, SAN FRANCISCO AND NOVATO, CALIF. — Cohen Financial has secured four DUS loans totaling $28.4 million for a 261-unit multifamily portfolio in Northern California. The portfolio consists of two properties totaling 103 units in Alameda, a 100-unit property in San Francisco and a 58-unit property in Novato. Kenneth Fox of Cohen’s San Francisco office originated the transactions and secured the competitively priced, fixed-rate financing. The lender was Greystone Financial Group. The borrower was an undisclosed San Francisco-based apartment investor.
PHOENIX — DAUM Commercial Real Estate represented Rosenthal Family Trust in the acquisition of a 21,000-square-foot retail building, which is located at 1726 W. Camelback Rd. in Phoenix. The single-tenant property sold for $2.89 million. Jeff Demorest of DAUM’s Newport Beach, Calif., office represented the buyer; Jeff Conover of Faris Lee represented the undisclosed seller in the transaction.
SAN DIEGO — Barnhart Inc. and San Diego Mesa College have completed the construction of a parking facility, which is located on the campus of San Diego Mesa College. The five-tiered structure features 1,052 parking spaces, photovoltaic panels, an under construction police station and an under construction Allied Health Building. San Diego-based Delawie Wilkes Rodrigues Barker provided architectural services for the project. The facility was funded through Proposition S, a $685-million construction bond passed by San Diego voters in 2002.
DENVER — NorthMarq’s Denver office has arranged $19.5 million in permanent financing for South Fork Apartments. The newly constructed property consists of 15 three-story buildings, which offer a total of 336 units. Located in Denver, the property also features an outdoor swimming pool, a heated spa, detached garages, a clubhouse, a business center and a fitness center. Dave Link and Jim DiRienzo of NorthMarq secured the financing on behalf of the undisclosed borrower.
UPLAND, CALIF. — Newport Beach, Calif.-based Master Development Corp. has leased a 20,548-square-foot industrial building to University Consortium of Claremont, Calif. The property is located at 2038 W. Eleventh St. in the Upland Technology Center in Upland. Nicholas Chang and Richard Lee of NAI Capital’s Ontario, Calif., office represented the landlord in the transaction; Nick Quackenbos of Quackenbos-Bell Commercial Real Estate represented the tenant. Further details of the lease were not disclosed.
RENO, NEV. — United Construction Co. has completed the construction of its corporate office, which is located at 5300 Mill St. in Reno. The 12,350-square-foot building includes interior courtyards, lighting control systems to reduce energy use and recycled building materials purchased from local sources to minimize gas consumption.
PHOENIX — De Rito Partners has closed a 54,000-square-foot lease at Bell & 3rd Plaza, which is located on Bell Road between 3rd and 7th avenues in Phoenix. America’s Incredible Pizza Co. will begin construction for its new restaurant in the space. The restaurant is slated to open in May. Mark Roady of Strategic Retail Group represented the tenant; Judi Butterworth and Paul Serafin of De Rito Partners represented the landlord, Bell & 3rd Plaza LLC, in the transaction.
COMMERCE, CALIF. — Karol Western Corp. has purchased a 19,404-square-foot industrial property, which is located at 2639 Garfield in Commerce. Steve Kalpakoff, a furniture dealer and manufacturer, sold the property for $2.2 million. David Jo of Coldwell Banker represented the buyer; Cameron Driscoll, Luke McDaniel, Dan Berkenfield and Jack Askelson of Voit Commercial Brokerage’s Anaheim, Calif., office represented the seller in the transaction.
SEATTLE — Timothy McKay of Marcus & Millichap’ Seattle office represented the private seller in the disposition of a four-unit apartment property, which is located at 2331 Minor Ave. E. in Seattle. The property sold for approximately $1 million. The asset currently features two two-bedroom/one-bath units, which are approximately 950 square feet, and two one-bedroom/one-bath units, which are approximately 780 square feet. Additionally, the property offers four garages and three additional off-street parking stalls.