Western

1818 PLATINUM TRIANGLE APARTMENTS OPENS

by admin March 26, 2009

ANAHEIM, CALIF. — Houston-based The Hanover Company has developed 1818 Platinum Triangle, a 265-unit luxury apartment community located within Platinum Triangle in Anaheim. The community offers one- and two-bedroom units ranging in size from 758 to 1,328 square feet; spacious master suites, gourmet kitchens, expansive living and dining areas, a resort-style heated pool, cabanas, outdoor kitchens, a grilling area and dining lanais. KTGY Group Inc., Architecture and Planning provided architectural services for the project.

March 26, 2009

24,250 SQUARE FEET OF RETAIL CENTER SELLS FOR $14.4 MILLION

by admin March 26, 2009

MISSION VIEJO, CALIF. — Trabuco Hills Pads LLC has acquired a 24,250-square-foot portion of Trabuco Hills Shopping Center, which is located on Santa Margarita Parkway in Mission Viejo. The $14.4 million sale included Walgreens, Claim Jumper and Ramona Tire, which are located at 27785, 27845 and 27865 Santa Margarita Parkway, respectively. Dennis Vaccaro and Richard Walter of Faris Lee Investments represented the seller, Pacific Castle Props I LLC, in the transaction.

March 26, 2009

Healthcare Western

MEDCAPITAL GROUP PROVIDES $7.8 MILLION LOAN FOR BEHAVIORAL HEALTH CENTER

by admin March 26, 2009

HENDERSON, NEV. — MedCapital Group has provided $7.8 million in permanent financing for a behavioral care facility in Henderson. Terms of the loan include a fixed interest rate of 6.50 percent and a 5-year term with a 30-year amortization. The 25,000-square-foot behavioral treatment center is located in a medical service area of Henderson. Todd Tidmore of MedCapital Group secured the financing on behalf of the undisclosed borrower.

March 26, 2009

Industrial Western

MEDTRONIC LEASES 46,353 SQUARE FEET AT RESEARCH CENTER POINTE

by admin March 26, 2009

CARLSBAD, CALIF. — Aric Starck, Dennis Visser and Andy Melzer of Grubb & Ellis|BRE Commercial represented RREEF in the lease of 46,353 square feet of research and development space to Medtronic Inc. Ablation Frontiers, a division of Medtronics, will occupy the space, which is located at 2210 Faraday Ave., Suite 200, within Research Center Pointe in Carlsbad. Starck also represented Medtronic in the transaction. Further details of the lease were not disclosed.

March 26, 2009

Multifamily Western

AQUATERA APARTMENT COMMUNITY OPENS

by admin March 25, 2009

SAN DIEGO — San Diego-based H. G. Fenton Company has opened Aquatera, a residential community located at 5777 Mission Center Rd. in the Mission Valley area of San Diego. The community features one, two and three-bedroom floor plans ranging in size from 729 to 1,394 square feet. The community features a 10,300-square-foot clubhouse; a 25-meter saltwater pool; a sports club with state-of-the-art weight and cardio stations, free weights and personal television mounts; three flat-screen televisions; a Nintendo® Wii; Sony® Playstations; and a pool table.

March 25, 2009

Retail Western

MULTI-TENANT RETAIL STRIP CENTER SELLS FOR $4.32 MILLION

by admin March 25, 2009

SANTA ANA, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of Home Place, a multi-tenant retail strip center in Santa Ana. Located at 1935 E. 17th St., the property sold for $4.32 million or $532 per square foot. The 8,116-square-foot center is tenanted by Union Bank, Cantaloop Yogurt, Ritz Nails and Dorazio Learning Center. James Kwon of Coldwell Banker Best Realty represented the buyer, Oh Family Trust; Carlos Lopez of Hanley Investment Group represented the seller, HPSC II LLC, an entity of Red Mountain Retail Group, in the transaction.

March 25, 2009

Retail Western

DANOSKI CLUTTS COMPLETES SHELL BUILDING OF DESERT MARKETPLACE PHASE 2

by admin March 25, 2009

LAS VEGAS — Las Vegas-based Danoski Clutts Building Group has completed construction of shell buildings for the Desert Marketplace, which is located on the southeast corner of Durango and Warm Springs in Las Vegas. The second phase of the project included two shell buildings totaling 95,000 square feet. Construction on the third building is currently underway. The $5 million project is currently anchored by Big 5, PetCo and TJ Maxx/HomeGoods.

March 25, 2009

Multifamily Western

COHEN FINANCIAL SECURES $28.4 MILLION FOR FOUR-PROPERTY MF PORTFOLIO

by admin March 24, 2009

ALAMEDA, SAN FRANCISCO AND NOVATO, CALIF. — Cohen Financial has secured four DUS loans totaling $28.4 million for a 261-unit multifamily portfolio in Northern California. The portfolio consists of two properties totaling 103 units in Alameda, a 100-unit property in San Francisco and a 58-unit property in Novato. Kenneth Fox of Cohen’s San Francisco office originated the transactions and secured the competitively priced, fixed-rate financing. The lender was Greystone Financial Group. The borrower was an undisclosed San Francisco-based apartment investor.

March 24, 2009

Retail Western

DAUM COMMERCIAL REAL ESTATE BROKERS 21,000-SQUARE-FOOT RETAIL BUILDING SALE

by admin March 24, 2009

PHOENIX — DAUM Commercial Real Estate represented Rosenthal Family Trust in the acquisition of a 21,000-square-foot retail building, which is located at 1726 W. Camelback Rd. in Phoenix. The single-tenant property sold for $2.89 million. Jeff Demorest of DAUM’s Newport Beach, Calif., office represented the buyer; Jeff Conover of Faris Lee represented the undisclosed seller in the transaction.

March 24, 2009

Western

BARNHART COMPLETES $25 MILLION PARKING STRUCTURE

by admin March 24, 2009

SAN DIEGO — Barnhart Inc. and San Diego Mesa College have completed the construction of a parking facility, which is located on the campus of San Diego Mesa College. The five-tiered structure features 1,052 parking spaces, photovoltaic panels, an under construction police station and an under construction Allied Health Building. San Diego-based Delawie Wilkes Rodrigues Barker provided architectural services for the project. The facility was funded through Proposition S, a $685-million construction bond passed by San Diego voters in 2002.

March 24, 2009

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