LAS VEGAS—Inland Real Estate Acquisitions has acquired the Wyatt Apartments in 308-unit multifamily property in Las Vegas. The garden-style apartment complex has 26 buildings with one-, two- and three-bedroom units and is fully amenitized with pools with cabanas, a 24-hour fitness center, a dog park, bike storage, an on-site cafe and a theater room. It is 96% leased.

LOS ANGELES—Creekside Plaza, a 68,951-square-foot office property in Agoura Hills, has traded hands between two unnamed buyers for $12 million. Tilden Moschetti and Jeff Albee of Sperry Van Ness represented the buyer and the seller in the transaction, and commented that the property has tremendous upside for rent growth and has been a historically well performing asset.

INLAND EMPIRE—Focus Real Estate has acquired the Arrow Business Park from Essex Arrow LLC for $15.4 million. The property has 69 units ranging from 240 to 12,650 square feet in size. Frank Geraci and Juan Gutierrez of Voit Real Estate Services represented the buyer and the seller in the transaction.

LEASES

SALT LAKE CITY, UT—Honeyville has signed a 204,375-square-foot lease at the Business Depot of Ogden in Utah. The food ingredient manufacturer will use the facility for custom grain milling, mixing and blending to private labeling, formulation and design. Newmark Grubb ACRES represented the tenant in the lease transaction. The value of the lease was not disclosed.

FINANCING

LOS ANGELES—Vista Investment Group has secured a $30 million loan to acquire the Woodlake Manor, a 276-unit apartment complex in Baldwin Hills. The investor purchased the property for $44 million, obtaining a seven-year, fixed-rate loan with a local commercial bank to complete the purchase. HFF director Marc Schillinger secured the funds on behalf of the borrower.

HONOLULU, HI—Robertson Properties Group has secured a $59 million loan to refinance the Pearl City Gateway, a 146,205-square-foot community shopping center. The first mortgage debt has a 10-year, fixed-rate and was provided by New York Life Real Estate. The loan carries an interest rate of less than 4% with a 30-year amortization. Sonnenblick-Eichner Co. secured the funding on behalf of the borrower.

EMPLOYMENT

LOS ANGELES—Craig Kish has joined NGKF as a senior managing director in the firm's El Segundo office. Kirsh exclusively represents corporate user clients, and focuses on corporate headquarter strategies, restructures, site selection, sales, dispositions and portfolio management. He joins the firm from Cresa, where he served as SVP.

LOS ANGELES—Andrew D. Tashjian has joined Cushman & Wakefield as managing director to focus on urban investment properties in the Downtown Los Angeles market. He joins the firm from CBRE, where he most recently served as first VP.

DEVELOPMENT

SEATTLE—Bridge Development and Tippmann Innovation have broken ground on a 241,041-square-foot industrial facility in the Seattle-Tacoma market on behalf of Western Distribution Facilities, which will occupy and operate the facility once complete. The property will be built on multiple levels and will allow WDS to use the property as both a freezer and a cooler. There is no information on the cost of the development.

PORTLAND, OR—Provenance Hotels and NPB Capital have begun construction to merge the 1908 Cornelius Hotel and the 1912 Woodlark Building into the Woodlark, a 150-room hotel that “will embody the spirit of the Pacific Northwest.” It is scheduled to open in late 2017. There is no information on the cost of the project.

ERIE, CO—Granite Capital Group has broken ground on Fairways at Vista Ridge, a 169-unit single-family rental community at the Vista Ridge master planned community. The development will cost $41.5 million, and will include both fourplexes and single-family rental homes.

LOS ANGELES—Vista Investment Group has acquired the Woodlake Manor Apartments for $44 million from Jones & Jones Management Group. This is the first time the asset has traded hands in 34 years. The property has 274 units and portions of it were upgraded last year as leases turned. Institutional Property Advisors executive director Greg Harris and senior directors Kevin Green and Joseph Grabiec represented the buyer and the seller in the transaction, and said that this sale could be a catalyst for change and growth in the market, which is still a hidden gem for investors.

SALES

DENVER—Jackson Square Properties has purchased Skye Crest, a 300-unit multifamily property in Lakewood, CO, from Fairfield Bentley LLC for $68.5 million. The 12-building property has one-, two- and three-bedroom units as well as sundeck, sports and tennis court, 24-hour fitness center, on-site dog park and clubhouse with TV lounge, kitchen and media center. HFF managing director Jordan Robbins and associate director Jeff Haag represented the seller in the transaction.

CARLSBAD, CA—Gildred Development Co. has acquired the Carlsbad Raceway and Business Park in Carlsbad from Lionshead Investments for an undisclosed sum. The 20,142-square-foot two-building property is nearly 66% vacant. Rusty Williams and Chris Roth of Lee & Associates represented the buyer and the seller in the transaction.

LAS VEGAS—Inland Real Estate Acquisitions has acquired the Wyatt Apartments in 308-unit multifamily property in Las Vegas. The garden-style apartment complex has 26 buildings with one-, two- and three-bedroom units and is fully amenitized with pools with cabanas, a 24-hour fitness center, a dog park, bike storage, an on-site cafe and a theater room. It is 96% leased.

LOS ANGELES—Creekside Plaza, a 68,951-square-foot office property in Agoura Hills, has traded hands between two unnamed buyers for $12 million. Tilden Moschetti and Jeff Albee of Sperry Van Ness represented the buyer and the seller in the transaction, and commented that the property has tremendous upside for rent growth and has been a historically well performing asset.

INLAND EMPIRE—Focus Real Estate has acquired the Arrow Business Park from Essex Arrow LLC for $15.4 million. The property has 69 units ranging from 240 to 12,650 square feet in size. Frank Geraci and Juan Gutierrez of Voit Real Estate Services represented the buyer and the seller in the transaction.

LEASES

SALT LAKE CITY, UT—Honeyville has signed a 204,375-square-foot lease at the Business Depot of Ogden in Utah. The food ingredient manufacturer will use the facility for custom grain milling, mixing and blending to private labeling, formulation and design. Newmark Grubb ACRES represented the tenant in the lease transaction. The value of the lease was not disclosed.

FINANCING

LOS ANGELES—Vista Investment Group has secured a $30 million loan to acquire the Woodlake Manor, a 276-unit apartment complex in Baldwin Hills. The investor purchased the property for $44 million, obtaining a seven-year, fixed-rate loan with a local commercial bank to complete the purchase. HFF director Marc Schillinger secured the funds on behalf of the borrower.

HONOLULU, HI—Robertson Properties Group has secured a $59 million loan to refinance the Pearl City Gateway, a 146,205-square-foot community shopping center. The first mortgage debt has a 10-year, fixed-rate and was provided by New York Life Real Estate. The loan carries an interest rate of less than 4% with a 30-year amortization. Sonnenblick-Eichner Co. secured the funding on behalf of the borrower.

EMPLOYMENT

LOS ANGELES—Craig Kish has joined NGKF as a senior managing director in the firm's El Segundo office. Kirsh exclusively represents corporate user clients, and focuses on corporate headquarter strategies, restructures, site selection, sales, dispositions and portfolio management. He joins the firm from Cresa, where he served as SVP.

LOS ANGELES—Andrew D. Tashjian has joined Cushman & Wakefield as managing director to focus on urban investment properties in the Downtown Los Angeles market. He joins the firm from CBRE, where he most recently served as first VP.

DEVELOPMENT

SEATTLE—Bridge Development and Tippmann Innovation have broken ground on a 241,041-square-foot industrial facility in the Seattle-Tacoma market on behalf of Western Distribution Facilities, which will occupy and operate the facility once complete. The property will be built on multiple levels and will allow WDS to use the property as both a freezer and a cooler. There is no information on the cost of the development.

PORTLAND, OR—Provenance Hotels and NPB Capital have begun construction to merge the 1908 Cornelius Hotel and the 1912 Woodlark Building into the Woodlark, a 150-room hotel that “will embody the spirit of the Pacific Northwest.” It is scheduled to open in late 2017. There is no information on the cost of the project.

ERIE, CO—Granite Capital Group has broken ground on Fairways at Vista Ridge, a 169-unit single-family rental community at the Vista Ridge master planned community. The development will cost $41.5 million, and will include both fourplexes and single-family rental homes.