The Port of Long Beach has acquired 5.6 acres of land at the southeast corner of Golden Avenue and West Broadway in the Long Beach Central Business District from bank holding company Dickinson Financial for $8 million. According to Tim Winslow of Cassidy Turley BRE Commercial in San Diego, which represented the seller, “Dickinson Financial hired Cassidy Turley BRE Commercial after a year-long listing with another brokerage firm yielded little activity.” Turley represented the bank along with Jason Kimmel and Kevin Nolen. “The bank instructed the brokers to move the property off of their books by the end of the second quarter of 2011 and gave our firm 30 days to market the property and bring in offers for a close by the end of June,” Winslow said. Kimmel noted that the property generated 14 offers and sold for $2 million higher than the asking price. The Port of Long Beach represented itself in the deal.

California Community Foundation signed a 10-year, 26,336-square-foot office lease valued at $8 million at Figueroa Courtyard at Third Street and the 110 Freeway in Downtown Los Angeles. CCF, a philanthropic organization, relocated and expanded from 17,000 square feet at Union Bank Plaza and leased new expanded space that includes a 7,000 square-foot-conference center. Both CCF and the landlord, US Bank, were represented by Chris Runyen of Charles Dunn Co. Figueroa Courtyard is a five-building, 271,000-square-foot low-rise office project on four acres. Runyen noted that CCF leased the former executive offices of California National Bank, enabling the tenant to make use of the existing improvements, high-end finishes and furniture in the space.

ORANGE COUNTY

Sandalwood Cottages Investment LP has acquired a 60-unit apartment complex at 2007-2101 Ponderosa St. from Raintree Realty LLC for more than $9.3 million. The buyer and seller were both represented by Rick Applebaum and Peter Gillin of the Newport Beach office of Morgan Skenderian Investment Real Estate Group.

COLORADO

Westwood Financial Corp. has acquired the distressed 6,336-square-foot Stroh Ranch Retail Center at 12937 S. Parker Rd. in Parker in a short sale as its fifth acquisition in the past year toward its goal of acquiring $100 million of small, distressed strip centers. Westwood Financial EVP Joe Dykstra commented on the deal: “Though our principal business continues to be buying core, grocery-anchored centers, the Stroh Ranch acquisition shows our continued commitment to our expanded value-add platform.” The company is seeking additional centers and notes secured by small retail properties, as well as REO opportunities with leasing upside. The only tenant at the two-unit Stroh Ranch center, which was built in 1999, is Pizza Hut after Blockbuster vacated last year, leaving it 21% leased.

Big Time Trampoline Fun Center LLC has leased 26,744 square feet at Arvada Marketplace East shopping center in Arvada from NewMark Merrill Mountain States. Allen Ginsborg, NewMark Merrill Mountain States managing director and principal, describes the lease as a major milestone in the repositioning and redevelopment of the center. The vacancy rate at the 153,414-square-foot shopping center has dropped to 38% compared to 56% when NewMark Merrill bought the property at West 52nd Avenue and Wadsworth Boulevard in 2010. NewMark Merrill Mountain States is a division of NewMark Merrill Companies LLC. Terms of the lease were not disclosed.

WASHINGTON STATE

Loja Real Estate LLC bought the 125,000-square-foot Lakeland Town Center community shopping center in Auburn from Lakeland Town Center II LLC for one of the firm’s separate accounts for $39.4 million. Tom Engberg, CEO of Loja Real Estate, which is a wholly owned subsidiary of Loja Group LLC, noted that this is the Walnut Creek, CA-based company’s third acquisition and the first outside of California. Lakeland Town Center is anchored by a 67,000-square-foot TOP Food & Drug store and occupied by a 27-tenant mix of retailers, restaurants, and service businesses. TOP Food & Drug is owned and operated by Haggen Inc., the largest independent grocer in the state of Washington. Loja Group was represented by Kevin Van Voorhis of Colliers International in San Francisco. Lakeland Town Center II LLC was represented by Paul and Billy Sleeth of Colliers International in Seattle. Loja Group has retained Colliers International of Seattle to manage the property.

Frontier Communications Corp. has named Jones Lang LaSalle to market a two-building, 290,000-square-foot office complex in Everett for partial-sale leaseback. The property, 30 minutes north of Seattle, consists of one four-story and one six-story tower. Frontier Communications will hold a long-term lease for a majority of the larger tower. Leading the Jones Lang LaSalle team on this transaction are managing directors Michel Seifer and Paul Lee, SVP Rob Hielscher and VP Cheri Pierce. Originally built as the Northwest regional headquarters for GTE, the property at 1800 41st St. sits on nearly 23-acres and is across from Interstate 5. The two towers are connected by a glass atrium lobby, and the property features a full-service kitchen, employee dining room, basketball court and outdoor seating areas.

NORTHERN CALIFORNIA

A Francisco Area-based investor has refinanced the 97,410 square-foot Paradise Point Executive Center at 5639 to 5725 Paradise Dr. in Corte Madera, which houses the corporate headquarters of Restoration Hardware, for $15 million. Kenneth M. Fox, managing director for Cohen Financial’s San Francisco office, originated the transaction and secured the long-term, fixed-rate financing. The property is a fully leased, multi-tenant office development. The lender was Lincoln Financial Group, a correspondent insurance company.

430 N. Mary St.

Good Technology Inc. has signed a lease for 80,292 square feet of office space on the second and third floors of 430 N. Mary Ave. in Sunnyvale. The company was represented by Scott Kinder and Peter Hamann of CresaPartners in San Jose. recently represented Good Technology Inc. in a 80,292 SF office lease at 430 N. Mary Avenue in Sunnyvale, CA. Good Technology now occupies 52,000 square feet at 101 Redwood Shores in Redwood City, CA and is relocating to accommodate its growth and better meet the needs of its employee base. Its new space is in a three-story, 116,500-square-foot class A office building that is one of three in a 349,000-square-foot business park. Navin Ramani of CresaPartners in San Francisco is overseeing the project management and relocation planning for this assignment. Dave Marino of Hughes Marino in cooperation with CresaPartners also advised Good regarding this transaction. The company plans to be fully moved in November. The landlord, North Mary Office LLC, was represented by Phil Mahoney of Cornish & Carey Commercial Newmark Knight Frank.

Beltmann Group Inc. and US Air Conditioning Distributors LLC have signed leases that will bring occupancy to 100% at a newly built 56,600-square-foot warehouse and manufacturing building at 1991 Fairway Dr. in San Leandro. Both new tenants are relocating from within San Leandro, according to Colliers International brokers who negotiated the leases. Beltmann Group, Inc., a family-owned moving and storage company, is now in two separate locations in the Alvarado Business Park and wanted to remain in San Leandro. The Arizona-based company will be occupying a 22,365-square-foot portion of the new warehouse. US Air Conditioning Distributors leased the remaining 33,635 square feet, where it is relocating from an adjacent building at 1951 Fairway Dr. The landlord, Fairway San Leandro LLC, was represented in both leases by Greig Lagomarsino and Todd Severson of Colliers International’s Oakland office. Beltmann Group was represented by Dan Bergen of Colliers’ Pleasanton office. US Air Conditioning was repped by Lagomarsino along with Phil Krevoy of Realatrends’ Southern California office.

Continuing Life Communities LLC has started site grading at Stoneridge Creek, a continuing care retirement community on 46 acres at the east terminus of Stoneridge Drive in Pleasanton that will feature single-story homes as a component of a campus-oriented design. The campus will offer “a comprehensive package of housing options, services and amenities geared toward healthy living for people 62 and older,” Continuing Life says. When completed, the community will include up to 635 homes with nearly 20 floor plans ranging from 700-square-foot apartment-style homes to 2,500-square-foot, single-story "villas" with attached garages. The campus will include a health center offering 68 assisted living units adjacent to the main Stoneridge Creek campus, including a dedicated memory support area, and 73 skilled nursing beds.

LAS VEGAS