CHINO HILLS, CALIF. — San Clemente, Calif.-based Zion Enterprises is developing Country Club Medical Plaza, a Class A medical office building located in Chino Hills. Located at 15994 Los Serranos Country Club Dr., the two-story, 30,000-square-foot facility will be divisible to 1,000-square-foot condo units for sale or lease. The property is slated for completed in third quarter. John Bosko, Bob Bush and Robert Brandt of NAI Capital’s Newport Beach, Calif., office are marketing the property.
Western
MENLO PARK, CALIF. — Jim Chesler of NAI BT Commercial San Francisco represented Campbell Menlo LLC in the acquisition of a 54,000-square-foot industrial/R&D property, which is located at 4085 Campbell Ave. in Menlo Park. At the time of acquisition, the property was 40 percent leased by Fitness 101. The seller, Joe Chritchfield, Clarence Ferrari Jr., et. al., sold the property for $8.6 million or $159 per square foot.
LAS VEGAS — Danoski Clutts Building Group, serving as general contractor, has completed the Jesus is Lord Church, which is located on Marion Road in Las Vegas. The 9,000-square-foot project features a sanctuary, three multi-purpose rooms, administrative offices, a kitchen and a bookstore. The project was designed by DPS.
VANCOUVER, WASH. — Northern Aral LLC has purchased 13,220 square feet of commercial retail space at 7219 NE Highway 99 in Vancouver. David and Teresa Newton sold the property for approximately $1.4 million. Naz Parsiana of Bluestone & Hockley Real Estate Services represented the buyer; Patti Shmilenko of Windermere Cronin & Caplan Realty Group Inc. represented the seller in the transaction.
SAN DIEGO — Bilbro Construction Company Inc. has begun construction on a new Cardiac Catheterization Laboratory for UCSD Medical Center, which is located at 200 W. Arbor Dr. in the Hillcrest area of San Diego. The project, which is under OSHPD jurisdiction, involves renovations and new infrastructure to support the university’s Siemens AXIOM ARTIS single-plane cardiac imaging system. Additionally, construction is being performed under level IV infection control requirements. The project includes demolition of existing structures and new improvement, including structural upgrades to support the Siemens imaging equipment, radiation protection consisting of lead-lined walls, floors and ceilings and new casework. The fire protection, HVAC, electrical and fire alarm systems are also being upgraded to meet current codes.
SCOTTSDALE, ARIZ. — Coynes Construction and La Jolla, Calif.-based 6906 Chestnut LLC have acquired the retail portion of the 4020 Building, which is located at 4020 Scottsdale Rd. in downtown Scottsdale. The 7,090-square-foot space is located below a 21-unit loft building. The retail portion sold for $4 million or approximately $575 per square foot. The property is fully occupied by Bank of America, Ice Tango and Daily Dose Café. Carlos Lopez of Hanley Investment Urban Real Advisors represented the buyer and the seller, Santa Ana, Calif.-based 1st Avenue Scottsdale LLC, in the transaction.
ALBUQUERQUE, N.M. — Q10|Dwyer-Curlett has arranged a $12.6 million permanent loan for a 210,288-square-foot retail center in Albuquerque. The center is anchored by an 80,100-square-foot Pro’s Ranch Market, one of the leading Hispanic supermarket chains in the United States. Tom Kenny and Mark Durfee of Q10|Dwyer-Curlett’s Orange County, Calif., office secured the financing through UnumProvident.
SANTA BARBARA, CALIF. — McCarthy Building Companies Inc. has completed the San Clemente Parking Structure, a 785-stall parking structure for the University of California at Santa Barbara’s San Clemente Studio Housing project in Santa Barbara. Located near the west entrance of campus on Stadium Road, the $12.3 million structure comprises 271,680 square feet. The Los Angeles office of Harley Ellis Devereaux provided design services for the project.
DENVER — Seventeenth Street Plaza in downtown Denver has received LEED Gold Certification. Located at 1225 Seventeenth St., the property is the first multi-tenant property to earn the certification in the Rocky Mountain Time Zone. The 666,653-square-foot building is only one of 17 existing office properties in the United States to earn the gold certification under the Existing Building or Operations & Management (EB-OM) standard. J.P. Morgan Asset Management, the building’s owner, appointed Jones Lang LaSalle to manage the property in 2000. To obtain LEED Gold certification, the management team implemented the following strategies: installation of a weather satellite-controlled landscape irrigation system to control water usage according to local weather conditions; creation of a recycling program that redirects 219 tons of waste annually; replacement of fluorescent bulbs with more cost-efficient low-mercury bulbs; and increased use of sustainable maintenance products.
SHERMAN OAKS, CALIF. — Woodland Hills, Calif.-based Kiowa Arms LLC has acquired a 14-unit apartment complex, which is located at 14936-40 Magnolia Blvd. in Sherman Oaks, for approximately $2.8 million or $196,429 per unit. The two-building property offers two- and three-bedroom units. The buyer plans to renovate the complex and re-rent the vacant units. Vines Management represented the buyer; Dana Brody and Joshua May of Grubb & Ellis represented the undisclosed seller in the transaction.