Western

$33.75 MILLION HIGH SCHOOL CONSTRUCTION AND MODERNIZATION UNDERWAY

by admin July 10, 2009

REDONDO BEACH, CALIF. — The Redondo Beach Unified School District and Barnhart Inc. have broken ground on the $33.75 million construction and modernization of Redondo Union High School in Redondo Beach. The project includes a new gymnasium and aquatic center, a new artificial surface football field and tennis courts, a new student services building that will house administration, counselors, attendance, registrar, nurse and student government, and modernization of the school auditorium and band building. Completion is scheduled for between January and August of 2010. The project is being funded by Bond Measure C, a $145 million general obligation bond measure that was passed in February 2008. Irvine, Calif.-based MVE Institutional provided architectural services for the project.

July 10, 2009

GVA KIDDER MATHEWS BROKERS $22 MILLION MEDICAL OFFICE LAND SALE

by admin July 10, 2009

ISSAQUAH, WASH. — Swedish Health Services has acquired 13.38 acres of medical office land for $22 million. The acquisition includes blocks 29-31 and blocks 33-35 in Issaquah. The seller was Grand-Glacier LLC. Stu Ford of GVA Kidder Mathews represented the buyer in the transaction.

July 10, 2009

Civic Western

$23 MILLION CHAPEL COMPLETE AT THOMAS AQUINAS COLLEGE

by admin July 10, 2009

SANTA PAULA, CALIF. — Thomas Aquinas College has completed the development of its Our Lady of the Most Holy Trinity Chapel, which is located on the school’s campus in Santa Paula. Designed by Duncan G. Stroik Architecture, the $23 million, 15,000-square-foot chapel features the Spanish Mission style while also incorporating traditional architectural elements from the Catholic Church. Ventura, Calif.-based Rasmussen & Associates served as architect of record; HMH Construction served as general contractor for the project.

July 10, 2009

Industrial Western

TWO 36,000-SQUARE-FOOT BUILDINGS SELL FOR $5.5 MILLION

by admin July 9, 2009

HAYWARD, CALIF. — Wig America has purchased two 36,000-square-foot distribution buildings in Hayward. Located at 27317 and 27279 Industrial Blvd., the properties sold for $5.5 million. This transaction marks the largest owner/user sale to date this year in Hayward. Jesse Lucas of Lee & Associates Commercial Real Estate’s Oakland, Calif., office represented the buyer; Bt Commercial represented the seller, LRF Properties, in the transaction.

July 9, 2009

Retail Western

COPPER LANTERN CENTER TRADES HANDS FOR $3.8 MILLION

by admin July 9, 2009

RIVERSIDE, CALIF. — Los Angeles-based Sunnycreek LLC has acquired Copper Lantern Center, a 34,644-square-foot retail strip center located at 8151-8201 Arlington Ave. in Riverside. Orange, Calif.-based Copper Lantern Holdings sold the multi-tenant property for $3.8 million. The 19-tenant property is anchored by 7-Eleven. Jeremy McChesney of Hanley Investment Group represented both parties in the transaction.

July 9, 2009

Industrial Western

LEE & ASSOCIATES BROKERS TWO INDUSTRIAL SALES

by admin July 9, 2009

ESCONDIDO, CALIF. — The Carlsbad, Calif., office of Lee & Associates-North San Diego County has brokered the sales of two industrial properties in Escondido for a combined consideration of approximately $3.22 million. In the first transaction, Isaac Little and Randy Dalby of Lee & Associates represented The Gary D Vest Revocable Trust in the disposition of a 7,020-square-foot industrial building, which is located at 1134 Industrial Ave. Joe Crotty of Coldwell Banker Commercial represented the buyer, Bennet Glass, in the $1.02 million acquisition. In the second transaction, 1011 Andreasen LLC purchased an 18,830-square-foot industrial building located at 501 S. Andreasen Dr. for $2.2 million. Adam Robinson, Tom Blackmore and Tim Arguello of Lee & Associates represented the buyer and the seller, Paul Ostrowiecki, in the transaction.

July 9, 2009

Industrial Western

NEWMARK REALTY CAPITAL ARRANGES $4.3 MILLION LOAN

by admin July 9, 2009

CHULA VISTA, CALIF. — Newmark Realty Capital has arranged $4.3 million in permanent financing for South City Business Center in Chula Vista. Situated in San Diego County, the 168,000-square-foot multi-tenant industrial park comprises six buildings. Thomas Dudley of Newmark Realty arranged the financing for the 10-year loan. Additional terms of the loan were not disclosed.

July 9, 2009

Multifamily Western

106-UNIT APARTMENT COMMUNITY FETCHES $14 MILLION

by admin July 8, 2009

CAMARILLO, CALIF. — Camarillo Mountain View LLC has acquired Mountain View Apartments, a 106-unit multifamily property in Camarillo. Palo Alto, Calif.-based Essex Portfolio Properties sold the community for $14 million. Located just north of the 101 Freeway, the property offers one- and two-bedroom units, a pool, a fitness center, a clubhouse and picnic areas. Dean Zander and Vince Norris of Hendricks & Partners represented the seller in the transaction.

July 8, 2009

Retail Western

RV RESORT TRADES HANDS FOR $10 MILLION

by admin July 8, 2009

ANAHEIM, CALIF. — The Mother Colony Group LLC has purchased Anaheim RV Village, a 293-site, 3-star RV resort in Anaheim. The property sold for $10 million, which included the 1.66-acre commercial corner at the intersection of Ball Road and Harbor Boulevard. The 9.27-acre property offers 274 RV lots with drains, 19 campsites with a full amenity package and a signal-controlled commercial corner with two retail rental units. Don Nourse of CB Richard Ellis represented the buyer; Douglas Danny of Marcus & Millichap represented the seller, WB Parc Anaheim LLC, in the transaction.

July 8, 2009

Retail Western

FRESH & EASY MARKET PROPERTY SELLS FOR $2.47 MILLION

by admin July 8, 2009

RIVERSIDE, CALIF. — Third Street Plaza LLC has acquired the fee-simple ownership in the land leased to a single-tenant triple-net Fresh & Easy Neighborhood Market in Riverside. Newport Beach, Calif.-based HEC-Orangecrest LLC sold the property for $2.47 million. The 14,500-square-foot freestanding building is located at 8765 Trautwein Rd. within Orangecrest Towne Center. Fresh & Easy is a subsidiary of United Kingdom-based Tesco. A.J. Nay and Kurt Schneiter of Maverick Investments represented the buyer; Edward Hanley and William Asher of Hanley Investment Group Real Estate Advisors represented the seller in the transaction.

July 8, 2009

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