RIVERSIDE, CALIF. — Marinita Development Co. is currently developing Orangewood Centre, a 26,400-square-foot retail center located at the corner of Van Buren Boulevard and Dauchy Avenue within the master-planned Orangecrest in Orangewood in Riverside. Situated on 2.7 acres, the project will consist of four buildings ranging in size from 6,000 to 8,100 square feet. Tenants of the 85 percent pre-leased project include Firestone Tire, Kragen Auto Parts, 7 Eleven, Subway, Sip’s Coffee, a dry cleaner and a nail salon. Completion is slated for this summer.
CHATSWORTH, CALIF. — Tim Foutz of NAI Capital’s Encino, Calif., office represented Parker Industrial Properties in the disposition of a 50,620-square-foot industrial building, which is located at 20630 Nordhoff St. in Chatsworth. 20630 Nordhoff LLC purchased the property for $6.8 million. The buyer plans to occupy the research and development building. Jesse Laikin of Lee & Associates represented the buyer in the transaction.
LAS VEGAS — WFG III LLC has completed the disposition of City Center West, a 105,968-square-foot office building located at 7201 W. Lake Mead Blvd. in Las Vegas. JB Matteson purchased the property for $34.5 million. Current tenants include Citadel Broadcasting, First American Title, A.G. Edwards, Chicago Title, Safeco Insurance and Mason McDuffie. Kevin Shannon, Charles Moore, Christina Roush and Marlene Fujita of CB Richard Ellis represented the seller in the transaction.
ALISO VIEJO, CALIF. — Irvine, Calif.-based Snyder Langston recently completed the construction of a 246,600-square-foot, built-to-suit office tower for Newport Beach, Calif.-based Pacific Life Insurance Company. Located at 45 Enterprise within Summit Office Campus in Aliso Viejo, the nine-story property features a steel frame with pre-cast concrete exterior, and glass and metal panels; redundant mechanical and electrical systems; and a six-level parking structure. Irvine-based Ware Malcomb provided architectural services for the project.
EL CAJON, CALIF. — Pacific Fletcher Parkway LP and Gloria M. Schiff Family Trust have purchased a 40,910-square-foot industrial building, which is located at 1100 N. Magnolia Ave. in El Cajon. Burer Family Investments LP sold the property for $5.8 million. Pacific Realty Advisors represented the buyer; Ken Ruppert and Kerry Schimpf of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
LAS VEGAS — Rexallen1 Series LLC has acquired Post Industrial Park in Las Vegas for $3.08 million. Located on West Post Road, the property offers 15,936 square feet of industrial space. Brian Riffel of Colliers International – Las Vegas represented the seller, Post Industrial Park, in the transaction. Additionally, Riffel represented Hayman Properties LLC in the acquisition of 8,745 square feet of industrial space at Arville Teco Industrial Park in Las Vegas. Ned Stephenson Trust sold the property for $1.58 million. Brian Houser of Albright Callister represented the seller in the transaction.
NEVADA CITY, CALIF. — San Francisco-based Virtu Commercial has acquired Miner’s Village, a four-building office complex located at 206 Sacramento St. in Nevada City. Nevada City-based Kibbe Trust sold the property for $1.55 million. The property offers 26 small executive suites and views of historic downtown Nevada City. Lock Richards of Sperry Van Ness/Highland Commercial in Nevada City represented both parties in the transaction.
LOS ANGELES — Snyder Langston has completed the development of Catholic Charities/Good Shepherd Center Women’s Village Phase III, a 35,892-square-foot mixed-use building located at 1671 Beverly Blvd. in Los Angeles. The four-story facility features a retail bakery/café, which will provide employment assistance for the residents, an employment and client service center, computer training area, classrooms, conference rooms, and a transitional housing area offering 21 one-bedroom apartments. The new building will provide services to all of Good Shepherd Center’s facilities. Pasadena, Calif.-based Onyx Architects provided design services for the project.
VERNON, CALIF. — C.E.G Construction has completed the construction of a 41,800-square-foot, build-to-suit industrial property located at 3301 E. Vernon Ave. in Vernon. Built for Reynaldo’s Mexican Food Company, the $4.7 million facility is customized to the company’s operational needs and allows the company to reduce costs through efficiency in production and distribution. Reynaldo’s purchased the 78,800-square-foot site from Vernon A. LLC last year. Philip Attalla and Allan Lee of NAI Capital’s Commerce, Calif., office represented the company in the land acquisition; Mollie Dietch and Anita Atrukiovitch of Lee & Associates represented the seller.
SANTA MONICA, CALIF. — Macerich has selected Omniplan as architect for the redevelopment of Santa Monica Place, a 557,000-square-foot indoor shopping mall located in Santa Monica. The company plans to transform the mall into an outdoor shopping destination. The redesigned three-story mall will feature 129 new stores and restaurants and four open-air entrances. The Jerde Partnership of Los Angeles is also providing architectural and design services for the project.