DEVELOPMENT

LAS VEGAS-Sahara Center LLC, a member of the EHB Cos. family of entities, has broken ground on Sahara Center, a 220,000-square-foot retail center at 10000 W. Sahara Ave. here. The center has a scheduled opening of early Fall 2014 and will be anchored by T.J. Maxx, Stein Mart, Sprouts Farmers Market, HomeGoods and Petco, in addition to other national and regional brands.

SAN JUAN CAPISTRANO, CA-Accretive Realty Advisors Inc. has received final approval to begin construction on a two-story, 42,500-square-foot medical-office building located on a 4.79-acre parcel of land at the northwest corner of Rancho Viejo Rd. and Golf Club Dr. here. Accretive acquired the parcel from the City of San Juan Capistrano earlier this year. Construction of San Juan Medical Center is scheduled to commence late December 2013, with completion planned for end of 2014. Newmark Grubb Knight Frank Global Healthcare Services, as exclusive leasing agent, has leased the entire approximately 25,000-square-foot second floor of the to-be-built building to a regional health system. NGKF's Garth Hogan, executive managing director, and John Scruggs, associate director, represented Accretive and the health system in the lease transaction. Terms were not disclosed. NGKF is now marketing the remaining 17,500-square-foot first floor of the building, targeting large users seeking contiguous space, regional medical groups and healthcare-related industries, among others.

LEASES

BRISBANE, CA-Cornish & Carey Commercial Newmark Knight Frank has executed nearly 100,000 square feet of leases at Sierra Point Towers here, which is composed of the 12-story, 250,000-square-foot 2000 Sierra Point Pkwy. and the eight-story, 200,000-square-foot 8000 Marina Blvd. Notably, eBay expanded to 41,347 square feet from 26,506 square feet, and Hyperion, leasing 20,116 square feet, will double its footprint in a relocation from South San Francisco. Also, BioMarin renewed its full 20,116-square-foot floor lease, and Keystone Strategies expanded its footprint to 8,863 square feet from 5,602 square feet. Leasing activity accelerated in response to Diamond Investment Properties' $5-million renovation at the complex. Improvements include a new restaurant, fitness center, conference area, outdoor basketball court and extensive landscaping with an outdoor plaza.

GARDEN GROVE, CA-Argent Retail Advisors has represented Pelican Investments in signing a 10-year, 11,000-square-foot sub-anchor lease with Davita Healthcare at Harbor Grove Shopping Center here.

SAN DIEGO-KBS Real Estate Investment Trust II has renewed its lease with aerospace and defense company Lockheed Martin Corp. for 111,972 square feet at Horizon Tech Center here. The 157,884-square-foot center consists of three, two-story, LEED Gold-certified office buildings just east of Scripps Ranch Rd. and one-half-mile east of I-15. The complex covers 11 acres in the Scripps Ranch submarket of San Diego County.

SAN FRANCISCO-Bechtel has renewed its lease at 50 Beale St. here for 141,639 square feet.

FINANCING

SAN DIEGO-Presidio Residential Capital has provided $8.2 million to developer Fit Properties to build the first phase of the Golden Hill Row Home Project, an urban-infill project consisting of 27 detached row homes with an expansive private park located between 28^th and 29^th sts. and B and C sts. in the Golden Hill neighborhood here. Designed to exceed Cal Green Standards, the homes will include many environmentally friendly and healthy features, including solar power and landscaping with non-invasive, low-water plants that will be irrigated using efficient drip-insulation systems managed by smart controllers with individual weather stations. Twenty of the 27 units will be built during the first phase, which broke ground on November 1. Pre-sales will begin in spring 2014, and the first phase of construction should be complete in September 2014. The community should be fully built by March 2015.