BOULDER, COLO. — The Denver office of NorthMarq Capital has arranged construction/permanent financing in the amount of $41 million for The Carillon at Boulder Creek, a 117-unit senior-living community located at 2525 Taft Dr. in Boulder. The loan will be used to renovate the 117-unit senior-living community. The property consists of a nine-story building, which is currently being renovated to feature 54 senior residential units. Additionally, 63 units are currently under construction on a site that formerly housed a one-story skilled nursing wing. Amenities include a full-service restaurant, an outdoor garden and walking path, a spa/salon, an indoor lap pool, a theatre and game/activity room, concierge service, a business center, medical/dietary assistance, laundry/housecleaning services, and full kitchens in all units. One Eighty/Leisure Care will operate property. Steve Koeneke and Dave Link of NorthMarq arranged the financing through NorthMarq’s FHA subsidiary, AmeriSphere, on behalf of the borrower, MGL Partners.
Western
THOUSAND OAKS, CALIF. — Neil Nadler Trust has acquired a 23,623-square-foot retail property, which is located at 600 W. Hillcrest Dr. in Thousand Oaks. The former Circuit City building sold for $5.34 million. The seller was Circuit Investors Thousand Oaks. Michael Schiff of NAI Capital’s Westlake Village, Calif., office represented both parties in the sale.
GOLDEN, COLO. — MW Real Estate has purchased a 13,705-square-foot industrial building, which is situated on 44,930 square feet of land in Golden. Located at 13050 W. 43rd Dr., the property sold for $1.35 million. Chris Ball and Esther Kettering of Fuller Real Estate brokered the transaction.
AURORA, COLO. — 14195 Montview Blvd Partners LLC, a subsidiary of Vultures LLC, has acquired Sand Creek Apartments, a 126-unit apartment community located at 14155 E. Montview Blvd. in Aurora. The property sold for $2.58 million or $24.86 per square foot. Built in 1974, the property offers a mix of one-, two- and three-bedroom units averaging 824 square feet. Amenities include patios/balconies, a swimming pool, a playground and carports. Erik Robson of Hendricks & Partners represented the buyer; Marcus & Millichap represented the seller, Sausalito, Calif.-based Montview Park Associates, in the transaction.
ALAMOGORDO, N.M. — The Mumford Company represented Motel 6 and Accor Hospitality in the disposition of a Motel 6 location in Alamogordo. Chandni Ventures LLC acquired the property and will operate the hotel as a Motel 6 franchisee. Randy Lee of Mumford’s Dallas office brokered the transaction.
ONTARIO, CALIF. — Trek Bicycle Corp., a global leader in bicycle design and manufacturing, has signed a lease for 207,018 square feet of space at Shea Center Ontario in Ontario. The company plans to use the space as its West Coast Distribution Center, which will store and ship bicycles and cycling products to dealers in the western third of the United States. Robert Pontello of Merit Commercial Real Estate represented the tenant; Walt Chenoweth, Frank Geraci, Patrick Wood and Juan Gutierrez of CB Richard Ellis represented the landlord.
SEATTLE — Alliance Residential Company has opened Domaine, a 91-unit luxury apartment community in Seattle. Located at 2480 and 2483 Birch Ave., the community offers Euro-style mid-rise studios, one- and two-bedroom homes in more than 30 floor plans, many with oversized patios or decks and views of Lake Union, the Cascade Mountains and downtown Seattle. The units feature floor to ceiling windows, Italian tile floors, hardwood cabinets, stainless steel appliances and stone countertops. Additionally, the community features a fitness club and a resident lounge.
SANTA MONICA, CALIF. — Richard Ringer of Marcus & Millichap represented the buyer in the acquisition of 420 California Avenue, a 20-unit apartment property in Santa Monica. Built in 1964, the property sold for $5.33 million or $344.92 per square foot. Tony Azzi, also of Marcus & Millichap, represented the seller in the transaction.
PHOENIX — Cleveland-based The NRP Group has purchased approximately 5.27 acres of land at the corner of 21st Street and Broadway Road in Phoenix for $1.37 million. The company plans to develop a 68-unit affordable housing project on the site. Construction is slated to begin in 2009 with completion scheduled for first quarter 2010. Chaz Smith, John Finnegan and Ramey Peru of Colliers International represented the buyer; Cam Stanton of CB Richard Ellis represented the seller, Chicago-based DeMuro Enterprises Inc., in the transaction.
PHOENIX — Fernwood Developments (USA) Ltd. LLC has purchased Stefan II, a 32-unit apartment community located at 15430 N. 25th St. in Phoenix. The partially completed property sold for $1.25 million. The community features three-bedroom units offering washer/dryer connections and a detached two-car garage. Mark Forrester and Chuck LaBenz of Hendricks & Partners’ Phoenix office represented the seller, Scottsdale, Ariz.-based Stefan II Lender LLC, in the transaction.