Razvan Cimpean
Honolulu-Area Oceanfront Retail Center Changes Hands
J.H. Real Estate Partners acquired the Coconut Grove, a 49,500-square-foot shopping center in Kailua-Kona, Hawaii, from Hudson Advisors. Donald MacLellan and Rick Chichester of Faris Lee Investments represented both the seller and the buyer in the transaction.
Law Firm to Open Sacramento Office
Buchalter signed a 12,000-square-foot lease in downtown Sacramento, Calif. Scott Bennett of Colliers International negotiated the lease on behalf of the tenant, while Greg Levi of JLL represented the landlord, Tsakopoulos Investments.
Cloudvirga Opens Corporate HQ in Orange County
The tech company leased nearly 12,000 square feet of space at the Jamboree Business Center in Irvine, Calif. Recently, Cloudvirga tripled the number of its employees.
Grocery-Anchored Retail Center Trades in San Antonio
Sterling Org. sold a 103,000-square-foot shopping center in San Antonio. Recently, the property underwent renovations that included updated building façades, signage, lighting and parking lot.
Grant Thornton Relocates to Orange County
The accounting and consulting firm will move to Irvine Co.’s MacArthur Court in Newport Beach. Cushman & Wakefield represented the tenant in the lease negotiation.
Demand on the Rise in Phoenix
At midyear, Phoenix’s office inventory totaled 108 million square feet. Transaction volume for the 12 months ending in July totaled $1.2 billion, corresponding to the more than 11 million square feet that changed ownership.
Creative Office Building Underway in West LA
Expected to be completed in the first quarter of 2019, Expo Station is an 80,000-square-foot transit-oriented development. The asset will feature three levels of creative office space and a two-level parking structure.
Orange County Business Campus Trades for $106M
Greenlaw Partners and Westbrook Partners acquired Centerpointe La Palma, a 10-building, 525,560-square-foot business park in La Palma, Ca. At the time of sale, the asset was 89 percent leased.
NKF Brokers Sale of South LA Office Building
Miramar Property Group acquired a 75,711-square-foot property in Torrance, Calif., from Continental Development Corp. The asset is fully leased to Unify Financial Credit Union.
Stream Expands Property Management Portfolio
Stream Realty Partners’ Mike Adams and Blaine Annett will lead leasing efforts at 199 South Los Robles in Pasadena, Calif. Jennifer Costa and Tania Chavez will be in charge of managing the property on behalf of the owner.