PORTLAND, ORE. — NBS Financial Services has arranged $15.1 million in refinancing for the Wieden + Kennedy Headquarters Building, which is located at 224 NW 13th Ave. in Portland’s Pearl District. The five-story building, which underwent a more than $35 million renovation, offers 160,000 square feet of office space. The building also features 30,000 square feet of ground-floor retail space, which is occupied by Bluehour, Design Within Reach and ZoomCare. Ken Griggs and Paddy Ryan of NBS Financial Services arranged the financing, which was provided by John Hancock Life Insurance Co.
Western
SURPRISE, ARIZ. — Developed by UDR, The Residences at Stadium Village has opened in Surprise. The seven-building multifamily neighborhood is located along North Stadium Way and is adjacent to Surprise Cactus League spring training stadium. The 15-acre project features 382 one-, two- and three-bedroom luxury apartments ranging in size from approximately 700 to 1,300 square feet. The units feature 42-inch flat-screen televisions, black and stainless steel appliances, brushed nickel hardware, walnut cabinetry, washers and dryers and spacious balconies. Community amenities include two pools, a hot tub, an open-air fire pit, a fireplace with kitchen, a 24-hour Internet café, a gaming center with Nintendo Wii and Xbox 360, and a 24-hour fitness center.
CARLSBAD, CALIF. — Johnson & Jennings General Contracting has a $2.18 million renovation project for a new 149,016-square-foot research/development, manufacturing and office facility for Alphatec Spine Inc., which is located at 5818 and 5830 El Camino Real in Carlsbad. The renovation project included construction of production space for research and manufacturing, development labs, Class 10,000 clean rooms and supporting mechanical yards. The project also included build-out of private and open office areas as well as an entry lobby featuring glass security walls, incorporating natural day lighting, energy-efficient lighting and new mechanical systems.
DUBLIN, CALIF. — A joint venture between Behringer Harvard Multifamily REIT 1 and PGGM Private Real Estate Fund has acquired the 390-unit Waterford Place multifamily property from an undisclosed party for an undisclosed amount. The complex, which is located at 4800 Tassajara Rd. in Dublin, consists of five four-story apartments and is 96.7 percent occupied. Apartment amenities include a pool and spa, a fitness center and a home theater room.
FOUNTAIN VALLEY AND LAGUNA HILLS, CALIF. — Valley Plaza has sold a 33,910-square-foot office development to a 1031-exchange investor for $5.5 million. The two-building property is located at 9550 Warner Ave. and 17050 Bushard St. in Fountain Valley. Encino, Calif.-based NAI Capital’s Steve Economos, George Economos and Geoff DeWolf represented the seller. Cox Commercial’s David Cox represented the buyer. DeWolf and Steve and George Economos, along with Kurt Hediger, represented Edward Mark in his sale of a 9,340-square-foot office building to Lake Forest Realty for $1.2 million. The property is located at 23030 Lake Forest Dr. in Laguna Hills.
SANTA ANA AND TUSTIN, CALIF. — Surefire has acquired a 24,700-square-foot warehouse from The Leeder Family Trust for $2.8 million. Located at 2110 Anne St. in Santa Anna, the industrial building is near the Centennial Regional Park. Ted Sawyer and Darin McDonald of Lee & Associates represented the buyer. Mike Hefner of Voit Real Estate Services’ Anaheim, Calif., office represented the seller. Voit Real Estate Services’ Mitch Zehner and Louis Tomaselli represented the landlord, Juniper Properties, in its 55,291-square-foot lease to Advanced Components Specialist. The $4.2 million industrial lease is for space located at 15651 Mosher Dr. in Tustin. Wade Tift of Grubb & Ellis represented the tenant, who will occupy the space for 10 years.
PALM SPRINGS, CALIF. — Marcus & Millichap has brokered the sale of the 23-unit Villa Vista apartment complex between two undisclosed parties for $1.35 million. The property is located at 685 Vista Chino in Palm Springs. Tom McCartin and Tim Noonan of Marcus & Millichap’s San Diego office and Greg Bassirpou of the firm’s Newport Beach, Calif., office represented the seller. Tyler C. Leeson and Jonathan Mitchell of the Newport Beach office represented the buyer.
OAHU, HAWAII — Honolulu-based A&B Properties has acquired the 113,800-square-foot Waipio Shopping Center from an undisclosed party for an undisclosed price. The property is located across the street from the Central Oahu Regional Park in the Waipio master-planned community in Oahu. Developed in the 1980s, the center is anchored by Foodland Supermarket and houses Outback Steakhouse, Pizza Hut, Taco Bell and Big City Diner. Waipio Shopping Center is 99 percent leased.
OCEANSIDE, CALIF. — San Diego-based Reno Contracting is working toward a March completion of the 84,000-square-foot U.S. Department of Veteran Affairs outpatient clinic. The property will be located in the Seagate Corporate Center at 1300 Rancho Del Oro in Oceanside. Rockefeller Group Development Corp. is overseeing the build-to-suit project.
SANTA ANA, CALIF. — Advanced Real Estate Services has secured a $19.68 million loan for the 196-unit The Court at Artists Village in Santa Ana. Freddie Mac funded the 10-year loan, which carries a 30-year amortization schedule. Michael Elmore of NorthMarq Capital’s Los Angeles office arranged the loan.