Clackamas, Oregon — CB Richard Ellis represented HD Supply Utilities Ltd. in the 46,854-square-foot lease of a warehouse/distribution property at 10145 SE Jennifer St. in Clackamas. Terms were not disclosed. CBRE’s Don Riggins represented the lessor, and the landlord, Pacific Realty Associates, was self-represented.
LAKE FOREST, CALIF. — InterContinental Hotels Group (IHG) is opening Holiday Inn Irvine South/Irvine Spectrum, which is located at 23131 Lake Center Dr. in Lake Forest. The 148-room hotel features an outdoor pool and spa, a sundries shop with ATM, iPhone docking stations with radio alarms in each guestroom, Kem’s Restaurant and 900 square feet of meeting space. The hotel is owned and managed by SoCal Hospitality LLC under a license agreement with a company in IHG.
SOUTH PASADENA, CALIF. — Marcus & Millichap has brokered the transaction of an eight-unit apartment property in South Pasadena. Located at 1822 Camden Ave. and 2036 Huntington Dr., the property sold to an undisclosed buyer for $1.8 million or $212.41 per square foot. Priscilla Nee of Marcus & Millichap represented the undisclosed seller; Maurius Jeffrey, also of Marcus & Millichap, represented the buyer in the deal.
LOS ANGELES — International law firm McKenna Long & Alridge LLP (MLA) has signed a long-term lease to occupy 62,418 square feet of office space at One California Plaza in downtown Los Angeles. The Class A+ space is located on two and one half floors at 300 S. Grand Ave. The firm plans to relocate to the space after tenant improvements are completed later this year. The deal in valued in excess of $30 million. Whitley Collins, Darren Eades, Tom McDonald and Tony Morales of Jones Lang LaSalle represented MLA in the deal. Maguire Properties, the landlord, was represented in-house by Josh Wrobel.
MCMINNVILLE, ORE. — Robert J. Lynch and Andrea E. Lynch of Beaverton, Ore., have acquired Brockwood Village in McMinnville for $1.2 million. The 26-unit multifamily property is located at 730 S.W. Brockwood Ave. Grayson Pounder of Hendricks & Partners represented the seller, Layfayette, Ore.-based Patsy L. Roth, in the transaction.
LOS ANGELES — UCLA Capital Programs is developing a 1,525-bed housing complex for the UCLA Housing & Hospitality Services at the University of California, Los Angeles campus. Situated on 8.1 acres, the four-building, 500,000-square-foot project will offer students living space as well as a 750-seat dining room and support space. Gafcon Inc. is serving as construction manager for the project, which was designed by Pfeiffer Partners Architects Inc. Completion is expected by winter 2013.
VICTORVILLE, CALIF. — Plymouth, Mich.-based Plastipak Packaging Inc., a manufacturer of plastic packaging containers, has leased 231,185 square feet of industrial space at Southern California Logistics Centre (SCLC), a 2,500-acre commercial and industrial complex in Victorville. The company plans to use the space at 13415 Sabre to manufacture and distribute plastic bottles. The cross-docked facility features 32-foot clear ceiling heights, ESFR sprinklers, 112 dock-high loading doors, 147 truck trailer parking spaces and 164 automobile parking spaces with 185-foot wall concrete truck yards. SCLC is owned and master developed by Stirling Capital Investments.
ORANGE, CALIF. — Tustin Court has been purchased for $1.5 million, which represents a 6.49 percent cap rate and 97 percent of the asking price. Located at 1171 N. Tustin St. in Orange, the property offers inline retail space. Paul Bitonti and Brenton Baskin of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was not disclosed.
4,810-SQUARE-FOOT OFFICE/RETAIL BUILDING TRADES HANDS HUNTINGTON BEACH, CALIF. — Michael Lawrence of Marcus & Millichap’s Newport Beach, Calif., office represented a private investor in the disposition of a 4,810-square-foot office/retail property in Huntington Beach. Built in 1913, the property, which offers views of Huntington Beach Pier and the Pacific Ocean, is located at 117 Main St. The asset sold for $2.8 million.
DUBLIN, CALIF. — Behringer Harvard Multifamily REIT I has acquired Waterford Place Apartment Homes, a 390-unit luxury apartment community located at 4800 Tassajara Rd. in Dublin, for $79.7 million or $204,358 per unit. Built in 2003, the 350,968-square-foot property features a mix of one- and two-bedroom units, landscaped courtyards, a heated resort-style swimming pool, a recreation room, a state-of-the-art fitness center, a theater, a business center and conference room, controlled access and a four-level parking garage. The seller was Shea Properties’ Waterford Place Apartments. Stanford Jones, Philip Saglimbeni and Salvatore Saglimbeni of Marcus & Millichap represented both parties in the transaction.