PASADENA, CALIF. — The $41 million Cahill Center for Astronomy and Astrophysics at the California Institute of Technology in Pasadena has opened as part of the institution’s $120 million modernization program. The 100,000-square-foot building is the second of five projects across campus that are part of the program. Designed by Morphosis, The Cahill Center was constructed to achieve LEED Gold status. Sustainable features include exterior panels that reflect heat, light wells that allow sunlight into basement laboratory spaces, occupancy sensors for lighting and drought-resistant landscaping.
DENVER — Phoenix-based Alliance Residential Co. has opened Broadstone Vesta, a 212-unit apartment community located at 3310 S. Kenton St. in Denver. The property comprises six buildings with a mix of one-, two- and three-bedroom units. Building amenities include a resort-style pool with a tanning shelf and a spa, an athletic club, a clubhouse with a gourmet kitchen and wireless Internet access, a social lounge with a plasma television and a coffee bar, and an outdoor patio with barbecue grills and picnic tables.
SAN DIEGO COUNTY, CALIF. — BYCOR General Contractors has nearly finished constructing the 104,397-square-foot Building 902, a Class A office building in San Diego County’s Liberty Station. Delivery is expected late this month. Building 902 was constructed to Silver LEED specifications and features water-efficient fixtures, roof finishes aimed at reducing heat and locally produced building materials. The property is 77 percent leased to BAE Systems on a 10-year contract. Liberty Station already houses six fully leased buildings. With the addition of Building 902, the development will span 22 acres and encompass 380,000 square feet of office space.
OAKLAND, CALIF. — The Roman Catholic Diocese of Oakland has sold the Cathedral of St. Francis de Sales and rectory to EAH Housing for an undisclosed price. The Oakland site was the former location of a cathedral that was destroyed by the Loma Prieta earthquake. EAH plans to build the 100-unit Cathedral Gardens affordable housing development on the land. The rectory will be preserved and incorporated into the new development. TRI Commercial/CORFAC International’s Frank Arthur represented the seller, and the firm’s Bill Karr, Robert Ligon and Larry Westland represented the buyer.
ARCADIA, CALIF. — McCarthy Building Cos. has broken ground on a five-story, 154,486-square-foot patient tower at the Methodist Hospital of Southern California in Arcadia. The $140 million development features a first-floor emergency room, a 20-bed intensive care unit and 40 surgical beds. The added space will increase the hospital’s emergency room beds by 65 percent and will grow the ICU by one third. The total cost of the development is estimated at $218 million, which will be funded through HUD bonds. Delivery is slated for 2011.
BREA AND FULLERTON, CALIF. — Voit Commercial Brokerage has brokered two industrial transactions in Orange County worth $5.8 million. Albany Synergistics has purchased a 32,559-square-foot industrial property, located at 615 and 655 Berry St. in Brea, from North Anaheim Associates for $4.5 million. Voit’s Mike Hefner represented Orange, Calif.-based Albany Synergistics, and Voit’s Mitch Zehner and Louis Tomaselli represented the seller. Zehner and Tomaselli also represented both parties in GLI Kimberly’s sale of a 7,247-square-foot warehouse to Fullerton Development for $1.3 million. The property is located at 1556 Kimberly Ave., Unit 16, in Fullerton.
EDMONDS, WASH. — Norris Beggs & Simpson has secured $3.7 million in financing for the 38-unit Fairway Apartments. The 15-year-old complex is located at 7310 208th St. S.W. in Edmonds. The 3-year loan comes with a 6.25 percent interest rate and a 30-year amortization schedule. Erich Guenther of NBS’ Seattle office arranged the loan.
SEATTLE — Timothy McKay of Marcus & Millichap’s Seattle office represented a private investor in the sale of a four-unit apartment complex to an undisclosed party for $1 million. The complex, located at 2331 Minor Ave. E in Seattle, includes two two-bedroom/one-bathroom units and two one-bedroom/one-bathroom units. Amenities include four garages and three off-street parking spots.
TUCSON, ARIZ. — Sara Lee has signed a 32,932-square-foot warehouse lease with EastGroup Properties. Terms of the lease were not released. The property is located at 3925 N. Benan Venture Dr. in Tucson. R.A. Herrington of Colliers Turley Martin Tucker’s St. Louis office represented Sara Lee, and Rob Glaser of Tucson-based PICOR Commercial Real Estate Services represented the landlord.
LAS VEGAS — The grand opening has been held for M Resort Spa Casino, a $1 billion resort located at the intersection of South Las Vegas Boulevard and St. Rose Parkway in Las Vegas. Situated on more than 90 acres on the Las Vegas Strip, the project was developed by Anthony Marnell III, chairman and CEO of M Resort, and Tony Marnell, chairman of Marnell Corrao Associates. The hotel portion of the resort features 390 guestrooms and suites ranging in size from 550 to 2,400 square feet. M Resort also contains nine restaurants and five destination bars, including a buffet, an Italian restaurant, a steak and seafood restaurant, a wine bar, a patisserie, a deli, a Mediterranean restaurant and a top-floor lounge. Entertainment options include a casino with 1,900 slot machines, a 12-table poker room, 64 game tables, and a race and sports book betting arena. The 100,000-square-foot Villaggio Del Sole Pool & Entertainment Piazza features a pool, concerts and other special events. The resort also includes the 23,000-square-foot Spa Mio. Finally, M Resort contains more than 60,000 square feet of conference space, including a 17,400-square-foot ballroom, multiple reception areas and a business center.