LOS ANGELES — Jones Lang LaSalle Hotels, on behalf of San Diego-based Pacifica Companies, has completed the sale of the fee-simple interest in the Radisson Hotel at Los Angeles International Airport to Chicago-based Harp Group for $93 million. Located at the intersection of West Century and Sepulveda boulevards in Los Angeles’ LAX submarket, the 580-room hotel features 22 suites, 42,000 square feet of meeting space, a 14,000-square-foot ballroom, four food/beverage outlets, including Palmira Bar & Grill, an outdoor pool and multiple retail tenants. After closing the transaction, Chicago-based Portfolio Hotel & Resorts will assume management of the property.
Western
HAWTHORNE, CALIF. — Rexford Industrial LLC has acquired Yukon Industrial Center, a 123,174-square-foot, multi-tenant industrial property located at 13020 Yukon Ave. in Hawthorne, from 13020 Yukon LLC for $10.45 million. The property features two single-tenant buildings comprising 41,175 and 22,258 square feet, respectively, and a 59,741-square-foot multi-tenant building. Currently, the property is 100 percent occupied by Gentle Giant Moving Company, Ryan’s Express, Seatmax and Southern California Cuisine. ANR Asset Management represented both parties in the transaction.
LOS ANGELES — Jonathan Ahron and David Aschkenasy of Charles Dunn Company, a partner of GVA Worldwide, brokered the sale and purchase of a 6,720-square-foot retail building, which is located at 150 N. Larchmont Blvd. in Los Angeles. 123 Larchmont Village Partners LLC acquired the fully leased property from the Eilenberg Family Trust for a consideration of $8 million. The property consists of three retail units on the ground level and four apartment units on the second floor. At the time of acquisition, the retail units were occupied by Koontz Hardware and Sam’s Bagels.
MESA, ARIZ. — Hendricks & Partners has brokered the sale of Lindsay Palms apartment community in Mesa. Property Growth Fund V LLC of Beverly Hills, Calif., acquired the property for $11.85 million from Lindsay Palms LLC of Longmont, Colo. The 132-unit complex, located at 2855 E. Broadway Rd., is composed of two- and three-story buildings featuring a mix of one-, two- and three-bedroom floor plans. It is situated on 6.1 acres near Superstition Freeway and the Loop 202 Freeway. Chuck LaBenz of Hendricks & Partners’ Phoenix office represented the seller.
LAS VEGAS — Pantheon Parkview LLC has acquired Parkview Plaza Shopping Center, a three-building, 25,000-square-foot retail center located at 3935-3955 Durango Dr., for $7.5 million. Christopher Clifford and Todd Manning of Marcus & Millichap’s Las Vegas office represented the buyer in the transaction. The seller was not disclosed.
TUCSON, ARIZ. — RCMG Real Estate Advisors has acquired Broadway Gardens, a 184-unit apartment community located at 8880 E. Broadway Blvd. in Tucson, for $8.2 million. Bob Kaplan of PICOR Commercial Real Estate Services represented the buyer; Paul Ash Management Company represented the seller, ACDM Limited Partnership, in the transaction.
HAYWARD, CALIF. — Ultra Clean Holdings will relocate their corporate headquarters in Menlo Park to a 103,711-square-foot facility in Hayward in February 2008. Corporate Research Center, located at 26462 Corporate Center Ave., will house the company. Jay Phillips and Jay Belquist of Cornish & Carey Commercial/ONCOR International’s client solutions group, Bill Banker of the Emeryville office and Randy Scott of the Palo Alto office represented the owner, LBA Realty, in the transaction. Marshall Hydorn, Craig Hagglund and Michael Spiro of NAI BT Commercial represented the tenant. Ultra Clean Holdings is a developer and supplier of critical subsystems for the semiconductor capital equipment industry.
AURORA, COLO. — The joint venture of Boston Capital Real Estate Partners and Embrey Partners, a San Antonio-based developer, is developing Saddle Rock East Apartments in Aurora, Colo. The Class A, garden-style community will consist of 17 two- and three-story buildings that will feature 134 one-bedroom units, 94 two-bedroom units and 35 three-bedroom units. Property amenities will include a community center, a swimming pool, a business center, a cyber café and an exercise facility. The property will be located along E-470, which connects Interstate 25 and Interstate 70.
CARMICHAEL, CALIF. — Grubb & Ellis Co. has brokered the sale of 5 Points Shopping Center in Carmichael. LaeRoc Funds, a Los Angeles-based investment fund, has acquired the 50,140-square-foot retail center from Progenitor Holdings Co. of Stockton. Tenants at the fully leased property, located at 5100 Arden Way, include 24 Hour Fitness, Hollywood Video and Coldstone Creamery. Grubb & Ellis’ capital advisory services group in Sacramento, consisting of Heath Charamuga, Erik Neese, Ken Noack Susanne Baker and Ben Prater, represented both parties in the transaction. The purchase price was undisclosed.
HAWTHORNE, CALIF. — A private investor has acquired a Levitz Furniture location in Hawthorne from Primestor Properties for $12.1 million. Consisting of approximately 56,000 square feet, the single-tenant property is situated on 4.65 acres at 2750 W. 120th St. REZA Investment Group, an Irvine, Calif.-based retail investment advisory firm, brokered the sale.