PALO ALTO, CALIF. — BRIDGE Housing Corp. is developing Fabian Way Senior, an affordable senior-living apartment community in Palo Alto. Located at 3895 Fabian Way, the $22.9 million community will feature 56 units, with 20 units restricted for seniors with special needs. Additionally, the community will offer private decks, a landscaped courtyard and a community room for activities, services and classes. The community is part of a larger site acquired by BUILD LLC, a partnership between BRIDGE and CalPERS. Financing for the project is being provided by BUILD LLC, State of California Prop 1C Multifamily Housing Program, Silicon Valley Bank Community Development Finance, Union Bank of California N.A., Santa Clara County, City of Palo Alto, the Opportunity Fund, the Sobrato Family Foundation and the Housing Trust of Santa Clara County. Steinberg Architects provided architectural services; Segue Construction is serving as general contractor for the project. Completion is scheduled for early 2010.
MESA, ARIZ. — Wichita, Kan.-based Hawker Beechcraft has completed the first phase of its newest maintenance facility at Phoenix-Mesa Gateway Airport in Mesa. The 26,000-square-foot facility will accommodate maintenance needs of customers and serve as the company’s southwest regional service center. The second phase includes an additional 26,000-square-foot hangar and 22,000 square feet of administrative office space.
SAN DIEGO — Breshears & Ghianni Builders Corp. has selected Johnson & Jennings General Contracting to complete tenant improvement (T.I.) construction for the offices of the San Diego Health and Human Agency, which is located at 5055 Ruffin Rd. in the Kearny Mesa area of San Diego. The improvements include the build out of health examination rooms, interview rooms, cubicles and clerical support facilities. Ware Malcomb is providing architectural services for the project, which is slated for completion in January.
SAN DIEGO — Wrapfiber LLC, composed of principals of The Fyfe Company, has acquired a 17,612-square-foot flex building, which is located at 8380 Miralani Dr. in the Mira Mesa area of San Diego. Roanoke, Va.-based ITT Night Vision sold the property for $2.2 million. The buyer plans to use the property for its headquarters; the remaining 7,000 square feet will be available for lease. Bill Haines and Kendra van Note of Grubb & Ellis|BRE Commercial represented the buyer; Sean Williams and Mike Macie of Cushman & Wakefield represented the seller in the transaction.
LOS ANGELES — Thompson National Properties LLC recently acquired Kodak Hollywood Campus, which is located in Los Angeles’ Hollywood district. The two-building Class A campus consists of 102,800 square feet of office and production space. Located at 1017 N. Las Palmas Ave., the three-story office/production facility offers approximately 83,950 square feet of space, including screening rooms, editing bays, recording facilities, cabling and infrastructure. The two-story office building, which is located at 6700 Santa Monica Blvd., offers 18,850 square feet of office space. The property is 100 percent leased to Eastman Kodak. The seller and sales price were not disclosed.
LOS ANGELES — Meridian Capital Group has arranged $20 million in permanent financing for a 10-property multifamily portfolio in Southern California. The 163-unit property recently underwent extensive renovations. Alex Katz of Meridian’s Los Angeles office negotiated the financing on behalf of the borrower, Los Angeles-based Capital Foresight LP. Terms of the non-recourse loan include a 5.75 percent fixed-rate interest for 5 years.
NORTH HILLS, CALIF. — Tony Azzi of Marcus & Millichap’s West Los Angeles office has brokered the disposition and acquisition of 8615 Columbus Avenue in North Hills. The 42-unit multifamily property sold for $3.8 million or $151 per square foot. The building was constructed in 1970. The seller and buyer were not disclosed.
VALLEJO, CALIF. — Stanford Jones, Phil Saglimbeni and Sal Saglimbeni of Marcus & Millichap represented both parties in the disposition and acquisition of Blue Rock Village, a 560-unit multifamily community located at 1900-2000 Ascot Pkwy. in Vallejo. The property sold for $54.4 million or $97,143 per unit. The 448,256-square-foot property features a mix of one- and two-bedroom units offering a private balcony or patio, functional kitchen layouts, generous walk-in closets and covered parking. Additionally, the gated community features swimming pools, a spa, a fitness center and picnic areas. The buyer and the seller were not disclosed.
MODESTO, CALIF. — Save-Most Alicia Hills Ltd. and Foremost MacArthur Park LLC have completed the disposition of a seven-building industrial portfolio in Modesto. Totaling 884,754 square feet, the portfolio sold for $27.3 million. The portfolio consists of 214 Wieland Avenue, a 154,818-square-foot building that was purchased by Amir Development; 601 Riverside Avenue, a 231,101-square-foot building that was acquired by Amir Development; 427 Doherty Avenue, a 67,500-square-foot facility that was purchased by Benjamin Steele; 501 and 533 Doherty Avenue, a 51,676-square-foot building and an 82,500-square-foot building that were acquired by SaveMart Supermarkets; 2336 Doherty Avenue, a 171,250-square-foot facility that was purchased by Amir Development; and 2105 Nathan Avenue, a 126,000-square-foot building that was acquired by Dr. Stephen Endsley. Alan Pekarcik and Dan Vittone of Voit Commercial Brokerage’s Irvine, Calif., office, along with Mark Reckers of Lee & Associates, represented the sellers in the transaction.
ONTARIO, CALIF. — Safelite AutoGlass has signed a lease for 282,000 square feet of industrial space at ProLogis Park Ontario Airport in Ontario. ProLogis recently completed the 681,000-square-foot complex, which is located of Interstate 15 between Interstate 10 and Pomona Freeway. Safelite AutoGlass is the nation’s leading provider of vehicle glass repair and replacement services.