West
Litigation Firm Extends Lease in Orange County
Callahan & Blaine signed a lease extension for its office at 3 Hutton Centre in Santa Ana, Calif. Chon Kantikovit, managing director with Cushman & Wakefield’s Irvine office, represented the tenant.
Presidio Lands $62M Bridge Loan for Napa Valley Hotel
CBRE Hotels’ debt and structured finance team secured five-year financing for the resort, which opened this summer after renovation of an historic property and construction of six new buildings.
OC Corporate Campus Trades for $443M
The acquisition was financed with more than $100 million in cash and $339 million in loans. The complex consists of planned research-and-development and office space spread across four buildings.
CBRE Closes Sale of 128 KSF San Diego Industrial Park
A 1031-exchange buyer paid $18 million to acquire Southrail Business Park in Chula Vista, Calif., from Focus Real Estate LP.
JV Sells 175 KSF Portland Asset
A real estate fund managed by Credit Suisse Asset Management acquired the former Oregonian Building in Portland, Ore. The previous owners recently renovated and restored the facility as part of a multi-million dollar program.
HFF Closes LAX Doubletree Sale and Financing
Umbrella Hotel Group purchased the 216-key hotel in El Segundo, Calif. HFF marketed the property on behalf of the seller and secured a mezzanine loan for the buyer.
Citrine Advisors Acquires Historic Portland Office Building
New Urban Properties sold a 27,500-square-foot property in Portland’s CBD. JLL negotiated the transaction on behalf of the seller, while CBRE represented the buyer and secured the acquisition financing.
Millenia Commons, Ayres Hotel Break Ground in SoCal
The 131,000-square-foot lifestyle center and 135-key boutique property will be part of a multibillion-dollar master-planned community in south San Diego County.
North San Diego 225 KSF Outpatient Center Underway
Construction began on the first phase of a 225,000-square-foot Class A medical office development on the campus of Palomar Medical Center Escondido. Cushman & Wakefield will handle leasing.
Daum Brokers Inland Empire 113 KSF Industrial Buys
The properties in Corona and Ontario, Calif., changed hands for a total consideration of $13.1 million. Vacancies in small-size warehouse properties are below the region’s average.