OAKLAND, CALIF. — Joel Kelly of NAI BT Commercial’s Multifamily Group represented Wayne & Bette Tarr Revocable Trust in the acquisition of Staten Crest Apartments complex for approximately $1.95 million or $149,615 per unit. The 13-unit property feature nine 800-square-foot one-bedroom/one-bath units; one 950-square-foot one-bedroom/one-bath penthouse with city views and private elevator access; and three 1,050-square-foot two-bedroom/two-bath units with master suites. 373 Staten Trust sold the property, which is located at 373 Staten Ave.
LAS VEGAS — Clark Construction Group LLC has completed the construction of Greenspun Hall, a 120,000-square-foot facility located at the University of Las Vegas in Las Vegas. The $93.7 million facility will house the College of Urban Affairs. The building has received LEED Gold certification. Dallas-based HKS and New York-based Robert A.M. Stern Architects provided architectural services for the project. Additional project partners and subcontractors include KHS&S Contractors, Helix Electric, Bombard Electric, Southwest Steel Las Vegas, Desert Plumbing, Isaac Construction Company, Century Steel, U.S. Mechanical Contractors, Giroux Glass, and Frazier Masonry Corp.
COSTA MESA, CALIF. — Newport Beach, Calif.-based Burnham USA Equities Inc. and affiliate Burnham-Ward Properties has purchased out of receivership South Coast Home Furnishing Centre in Costa Mesa. Located at 3333 Hyland Rd., the 300,000-square-foot retail center sold for $35 million. Existing major tenants, include La-Z-Boy, Linder’s, C.S. Wo, Easy Life, Munro’s, Creative Leather and NW Rugs. The center, which was owned by South Coast Home Furnishing Center LLC before receivership, was offered for sale through a court-appointed receiver. Dixie Walker of Grubb & Ellis’ Newport Beach office represented the receiver in the transaction. The buyer plans to convert some of the vacant retail space for office use and home furnishings-related tenants.
AMERICAN CANYON, CALIF. — InterContinental Hotels Group (IHG) is developing Holiday Inn Express and Suites Napa Valley-American Canyon, a 101-room hotel located at 5001 Main St. in American Canyon. The hotel is the eighth Holiday Inn Express hotel in California to showcase the brand’s new sign, which is part of the $1 billion Holiday Inn brand relaunch program. The hotel features complimentary Express Start® breakfast, including Smart Roast® coffee; SimplySmart™ showers; Stay Smart™ Kohler showerheads; 100-percent cotton terry towels and SimplySmart™ bedding, including 200 thread-count sheets. The hotel is owned by BKL LLC and managed by BKL Hospitality Group, under a license agreement with a company in the IHG.
NORTH LAS VEGAS, NEV. — CORE Construction has completed the construction on the replacement of Tom Williams Elementary School in North Las Vegas. Located at 3000 E. Tonopah Ave., the project included the demolition of the existing school and construction of a new 82,100-square-foot, two-story facility. Las Vegas-based Domingo Cambeiro Corp. provided architectural services for the $21.65 million project. CORE Construction was contracted by the Clark County School District.
HONOLULU — Unite Here! Local 5 has purchased a freestanding office building, which is located at 1516 S. King St. in Honolulu. The 10,200-square-foot building is situated on 14,015 square feet of fee simple land. Shiseido sold the property for an undisclosed price. Financing was provided by First Hawaiian Bank. Ronald Ward of Colliers Monroe Friedlander represented the buyer in the transaction.
SAN FRANCISCO — Stuart Zall, president of The Zall Company in Denver; Jeff Green, president of Jeff Green Partners in Mill Valley, Calif.; and Bruce Katz, president of San Francisco-based Retail Focus Inc., have formed Retail Intelligence Advisors (RIA). The new firm will provide advisory services to asset managers and prospective investors, buyers and sellers of retail companies and properties. The firm will have offices in Denver, Mill Valley and San Francisco.
SAN MARCOS, CALIF. — Carlsbad, Calif.-based Allgire General Contractors Inc. has been selected to serve as general contractor for the construction of Autumn Terrace in San Marcos. Located at 235 Autumn Dr., the affordable apartment community will offer 103 units. The 95,775-square-foot project will include commercial space, a tot lot, a community meeting room and a computer learning center. Grading is currently underway and is expected to be completed in March 2010. Foundation For Form is providing architectural services; Southwest Engineering Inc. is serving as civil engineer for the project.
MESA, ARIZ. — Kaplan Management Company Inc. has developed The District at Mountain Vista, a state-of-the-art 384-unit luxury apartment complex in Mesa. The property is located at the intersection of U.S. 60 and Signal Butte Road and is adjacent to the Mountain Vista Medical Center and 14-acre medical campus. The community offers a clubhouse with a business center, a coffee lounge with a Wi-Fi café, an upscale theater room, a state-of-the-art fitness center, a resort-style pool and detached garages and carports. Units feature designer appliances, open floor plans, 10-foot ceilings, crown molding and large walk-in closets.
LONG BEACH, CALIF. — New Trans Logistics has leased 76,666 square feet of industrial space at 6766 N. Paramount Blvd. in Long Beach. The lease is valued at $1 million. Brandon Carrillo of Charles Dunn Company brokered the transaction.