SAN DIEGO — Bilbro Construction Company Inc. has completed the first phase of renovations at Doubletree Golf Resort, which is located in the north San Diego community of Rancho Penaquitos. The company provided modifications to the 138 guest rooms at the Arnold Palmer-managed, 18-hole golf course resort. Renovations included site concrete, storm drain system improvements; waterproofing upgrades; new stucco; HVAC modifications; and updated tile and wall finishes. Marx/Okubo served as construction manager for the project. Bilbro is also acting as general contractor for the second phase, which is currently underway.
CHANDLER, ARIZ. — Phoenix-based Opus West has started construction on Mill Crossing, a 170,000-square-foot retail center located at the southwest corner of Gilbert and Germann roads in Chandler. The center will be occupied by a 104,000-square-foot J.C. Penney, a 10,180-square-foot Shoe Carnival and a 5,000-square-foot Sears, Roebuck and Co., as well as restaurants, including Ah-So Sushi, Teriyaki Experience and Berry Good Yogurt. Additionally, the center will feature stand-alone pads occupied by Commercia Bank, McDonald’s and Native New Yorker. Opus West Construction Corp. is serving as general contractor for the project; BDG and Opus Architects & Engineers are providing architectural services. Completion is slated for fall 2009.
MURRIETA, CALIF. — SPD Group LLC has broken ground for the construction of Ivy Place Office Condominiums, a two-story, 38,800-square-foot office project located in Murrieta’s historic downtown area. The Class A property is divisible to approximately 1,100 square feet with each floor offering approximately 19,400 square feet. Completion is scheduled for first quarter 2009. Newport Beach, Calif.-based Binnquist Development is serving as general contractor for the project. Steve Malley of Sperry Van Ness is marketing the property.
INLAND EMPIRE, CALIF. — Voit Commercial Brokerage has closed two industrial transactions totaling $6.7 million in the Inland Empire. In the first transaction, LIA Properties LLC has acquired a 28,125-square-foot industrial building for $3.6 million. Shengqu and Xiaoling Chen sold the property, which is located at 13810 Mountain Ave. in Chino, Calif. Joe Miller of Voit’s Anaheim, Calif., office represented the buyer; David Kotai of Lin-Kotai Commercial represented the seller. In the second transaction, Kathy M. Gardarian Family Trust has purchased a 31,768-square-foot industrial building, which is located at 1120 Citrus St. in Riverside, Calif., for $3.1 million. Todd Hergesell of Voit’s Irvine office represented the buyer; Milo Lipson of Grubb & Ellis represented the seller, Oakmont Riverside Hunter Park LLC, in the transaction.
KINGMAN, ARIZ. — Streetsboro, Ohio-based Telling Industries LLC has completed the development of its new manufacturing facility in Kingman. The 52,000-square-foot building features a regional sales office, manufacturing assembly lines, slitter pits and a rail spur for shipping and receiving. Telling Industrial manufactures a full line of C-shaped galvanized steel framing products and an array of complementary accessories for the drywall framing industry. Mentor, Ohio-based Cleveland Construction Inc. served as general contractor for the project.
ROCKLIN, CALIF. — Phoenix-based Opus West Corp. has received approval from the city of Rocklin to develop a 20-acre speculative Class A office project within the 3,500-acre Stanford Ranch master-planned community. The project, Opus Point Stanford Ranch, will consist of three buildings totaling 360,000 square feet. Designed as a steel frame structure with floor-to-ceiling glass, the project will seek LEED Silver certification. Stanford Ranch is located at the intersection of Highway 65 and Interstate 80 in the South Placer County foothills.
LOS ANGELES — Los Angeles County + USC Medical Center (LAC+USC) has completed the development of its new 1.5 million-square-foot facility. The more than $600 million medical center includes a seven-story clinic tower, an eight-story inpatient tower, a five-story diagnostic and treatment center and a central energy plant. The 334,000-square-foot clinic tower houses outpatient services, including radiation oncology, pediatrics, dental and orthopedics. The 681,000-square-foot, 600-bed inpatient tower encompasses intensive and acute care units, obstetrics and pediatrics. Additionally, the inpatient tower houses general administration offices, women’s services and a pharmacy. The 430,000-square-foot diagnostic and treatment building offers diagnostic imaging, radiology, surgery and core lab services. The 60,000-square-foot central plant building houses HVAC equipment, fire/life-safety systems, cooling towers, emergency generators, MEP systems and communication systems. McCarthy-Clark-Hunt served as general contractor for the project, which was designed by Los Angeles-based HOK Architects and Santa Monica, Calif.-based LBL Architects.
PHOENIX — Boston-based Boston Capital has invested in Amber Pointe Apartments, a to-be-built, affordable senior-living project in Phoenix. Located south of downtown Phoenix, the property will feature 32 one-bedroom/one-bath units and 24 two-bedroom/two-bath garden-style units in a three-story building. The units are restricted to residents aged 62 or older with incomes at or below 40 and 50 percent of the area median income. The community will feature a community center, a computer room, laundry facilities and an intercom entry system. Boston Capital provided the tax credit equity for the development; Boston Capital Finance provided a $7 million construction loan and $1.1 million permanent loan. The general partner is Ohio-based NRP Group LLC.
FORT COLLINS, COLO. — UPR Investments LLC has acquired a 24-unit multifamily property for approximately $1.1 million. The property is located at 632-636 N. Shields in Fort Collins. Erik Broman and Brian Mannlein of Marcus & Millichap’s Fort Collins office represented the undisclosed seller in the transaction.
PORTLAND, ORE. — Guardian Management LLC has signed preliminary agreements to acquire the real estate portfolio of Orange County, Calif.-based Atherton-Newport Investments, which filed for Chapter 11 bankruptcy protection in January 2008. The assets include more than 4,000 apartment units located in Las Vegas, Phoenix, Seattle and Miami. Guardian plans to acquire the assets through the implementation of its first strategic investment fund, which was utilized to acquire the Southern California and Arizona offices of Sperry Van Ness. Pacific Northwest-based Avalon Holdings initiated and structured the transaction.