LONG BEACH, CALIF. — Bret King and Kirk Garabedian of Marcus & Millichap’s Long Beach office represented the undisclosed seller in the disposition of Bixby Center, a 20,740-square-foot retail center in Long Beach. Located at 4215 Atlantic Ave., the property sold for $6.05 million. The buyer was not disclosed.
CARLSBAD, CALIF. — Kunzik & Sara, serving as general contractor, has started construction on Paseo Carlsbad, a 75,000-square-foot retail center in Carlsbad. Located on the corner of Paseo Del Norte and Car County Drive, the center is a development of PacTen Partners for CPT/SC Title Holding Corp. Currently signed tenants include 8,100-square-foot PF Chang’s China Bistro and a 10,470-square-foot BJ’s Restaurant. Gene Fong Architects provided architectural services for the project. The restaurants are slated to open at the end of the year.
LOS ANGELES — PRP Real Estate Advisors/Cambra Realty Joint Venture has purchased 6310 and 6330 San Vicente Boulevard, twin five-story office buildings in Los Angeles. The 206,175-square-foot complex sold for $44 million or $220 per square foot. At the time of acquisition, the property was 92 percent occupied. Bob Safai of Madison Partners represented the seller, Lexington San Vicente Associates, in the transaction.
HAYWARD AND TRACY, CALIF. — Colliers International has completed the transactions of two industrial properties in California. In the first transaction, Mill Valley, Calif.-based GSI Realty has acquired an 113,000-square-foot distribution building in North Hayward for an undisclosed price. Sean Sabarese and Joe Yamin of Colliers’ Oakland, Calif., office represented the buyer; Greig Lagomarsino, also of Colliers Oakland, represented the undisclosed seller in the transaction. In the second transaction, San Francisco-based Lowenberg Corp. purchased a 264,687-square-foot, three-building industrial park in Tracy. A Denver-based REIT sold the Class A multi-tenant property sold for an undisclosed price. Lagomarsino, along with Michael Goldstein and Greg O’Leary of Colliers’ Stockton, Calif., office, brokered the transaction.
IRVINE, CALIF. — GFE Goddard Investment LLC has acquired Safari Technology Park, a 47,815-square-foot office complex located at 300 – 320 Goddard Way in Irvine, for an undisclosed price. The property consists of three Class A, two-story office buildings, which feature 12 suites. Richard Pincott of CB Richard Ellis’ Newport Beach, Calif., office represented the buyer; Michael Hartel, Dan Vittone and Alan Pekarcik of Voit Real Estate Services’ Irvine office represented the seller, Edison Spectrum Partners LLC, in the transaction.
SAN DIEGO — Barnhart Inc. has been selected by the U.S. Navy for the construction of building and facility upgrades to Berth Lima at Naval Base Coronado in San Diego. The $23 million project includes the construction of a security building, a pump house building, a restroom/payphone building, two masonry and steel watchtowers, two guard houses, security fencing, high-mast security lighting, utility upgrades and surveillance infrastructure. Waterfront upgrades include widening the existing quay wall by two feet, installing 80 new primary fender piles, fender panels and armor rock. Completion is slated for January 2010.
OXNARD, CALIF. — Woolf Enterprises has purchased a 39,082-square-foot produce processing facility in Oxnard. Located at 650 Buena Vista Ave., the property sold for $2.65 million. The seller was West Coast Pre-Cooling Oxnard LLC. Stuart Scott of DAUM Commercial Real Estate Services’ Ventura, Calif., office represented both parties in the transaction.
SAN DIEGO, CALIF. — S&J Property Holdings LLC has completed the disposition of a 12,050-square-foot industrial facility, which is located within Carroll Mesa Industrial Park at 9235 Brown Deer Park in San Diego’s Sorrento Mesa area. ZJR LLC purchased the single-story, freestanding office/warehouse building for $2.2 million. The building is currently occupied by ZJR LLC, dba One Source Distributing. Dean Asaro of CB Richard Ellis represented the seller; Jed Stirnkorb, also of CB Richard Ellis, represented the buyer in the transaction.
SAN DIEGO — Wakeland Housing and Development Corp. has acquired Village Green Apartments, a 94-unit multifamily community located at 4140-4150 Bonillo Dr. in San Diego. Odom Family LP sold the property for $11.5 million. The property features 56 two-bedroom/two-bath units, 24 two-bedroom/one-and-a-half bath units and 15 three-bedroom/two-bath units. Additionally, the community features a swimming pool, a spa, a playground and laundry facilities. Tim Kerrigan, Eric Comer, Jim Neil and Merrick Matricardi of CB Richard Ellis represented both parties in the transaction.
LOS ANGELES — McCarthy Building Companies Inc., serving as general contractor, has topped out construction for Los Angeles Unified School District’s South Region High School #2, which is located at the corner of South Central and East Gage Avenues in Los Angeles. The 220,000-square-foot project consists of eight buildings, which include three three-story classroom buildings, a three-story administrative and classroom building, and a two-story music, sports and multi-purpose complex. LEO A DALY provided architectural services for the project.