LANCASTER, CALIF. — Antelope Valley Union High School District and San Diego-based Barnhart, serving as general contractor, have completed a $42.7 million core classroom building at Eastside High School, which is located at 3200 E. Ave. J-8 in Lancaster. The two-story, 190,000-square-foot facility features 31 classrooms, 15 science labs, four computer labs, six special-education rooms and a library that can serve 930 students. NDT Architects provided architectural services for the project, which was funded by school bond issues and State Facility Funds.
LOS ALAMITOS, CALIF. — KZ DevCo has purchased a 10,100-square-foot office building in Los Alamitos for $4.25 million. The company plans to redevelop the property, which is located at 3401 Katella Ave., into a CVS/pharmacy. Construction will begin in September with completion scheduled for May 2010. Vincent Roche with CB Richard Ellis represented the buyer; David Cox of Cox Commercial represented the seller, Tipton Family Trust.
LOS ANGELES — The General Services Administration (GSA) has inked a $14.4 million lease transaction at 606 S. Olive St. in Los Angeles. The deal will expand the Federal Government’s Executive Offices of Immigration Review (EOIR) office space to 72,210 square feet. The EOIR now occupies five-and-a-half floors of the City National Bank Building. John Anthony of Charles Dunn Co. brokered the transaction. The landlord is 606 Olive LLC.
SANTA CLARITA, CALIF. — Whittier, Calif.-based Oltmans Construction Co., serving as general contractor, has completed the construction of Centre Point Village, a 15-acre retail project located in downtown Santa Clarita. The six-building, 133,000-square-foot center features a 58,890-square-foot Dick’s Sporting Goods, a 30,000-square-foot Babies ‘R Us, a 24,970-square-foot Easy Life Furniture, a 7,000-square-foot G Stage Clothing and two pad structures totaling 11,724 square feet. The estimated $22 million project was designed by Long Beach, Calif.-based Perkowitz+Ruth Architects.
ARVADA, COLO. — Foothills Apartments Denver has acquired Apple Creek Apartments, a 219-unit multifamily property located at 9750 W. 59th Ave. in Arvada, for $11.8 million or $53,881 per unit. Built in 1987, the property comprises 19 three-story buildings offering a mix of studio, one- and two-bedroom units. Community amenities include a heated swimming pool, laundry facilities and barbeque areas. David Potarf, Daniel Woodward, Jordan Robbins and Charles LeClaire of Marcus & Millichap represented the buyer and the seller, Apple Creek Housing Associates LTD/Apple Creek 24 LTD, in the transaction.
ANAHEIM HILLS, CALIF. — Lin Investments has purchased a 71,720-square-foot neighborhood shopping center in Anaheim Hills. Located at 408-490 Anaheim Hills Rd., the property is anchored by CVS/pharmacy. The sales price was not released. Edward Hanley and Jeremy McChesney of Hanley Investment Group Real Estate Advisors represented the buyer and the undisclosed seller in the deal.
RAMONA, CALIF. — Tucson, Ariz.-based Ramona Terrace Community LLC has purchased Ramona Terrace Estates, a 218-space manufactured-housing property in Ramona. The property, which is located at 1212 H St., sold for $16 million or $73,459 per space. The 26.79-acre site consists of 218 doublewide manufactured homes. The buyer plans to continue to operate the property as a seniors manufactured-housing community. Jonathan Harrison of Marcus & Millichap represented the buyer; Huntington Beach, Calif.-based All California Brokerage represented the undisclosed seller in the transaction.
SAN MARCOS, CALIF. — Doug Harwood of The Harwood Group represented Robert Goetz in the acquisition of a 6,450-square-foot office/retail building in San Marcos. Located at 1215 San Elijo Rd. within the community of San Elijo Hills, the property sold for $1.95 million. The buyer plans to use the mixed-use space for its marketing company as well as an eatery. Deborah Hunkeler, Kevin Farrell and Jay Arnett of Cushman & Wakefield represented the seller, San Elijo Hills Development Co., in the deal.
PHOENIX — LMI Solutions has acquired an 82,288-square-foot freestanding industrial building, which is located within Triangle Industrial park at 46 North 49th Ave. in Phoenix, for $4.32 million. The property features 3,000 square feet of office space, 12 docks, two grade-level doors and 30-foot ceiling height. Mark DiSabato of Atlantis Commercial represented the buyer; Don MacWilliam and Payson MacWilliam of Colliers International represented the seller, First Industrial Realty Trust, in the transaction.
SAN FRANCISCO — Argonaut Private Equity Group has acquired a $40.8 million note on 250 Montgomery Street in San Francisco. The seller was Hartford, Conn.-based Realty Finance Corp. 250 Montgomery is a 16-story, 116,000-square-foot office property currently occupied by California Pacific Bank, the American Land Conservancy and Bay Street Research. Daniel Cressman of Grubb & Ellis’ San Francisco office represented the Argonaut in the transaction.