LOS ANGELES—Conor Commercial Real Estate has acquired 26 acres to build a 324,00-square-foot class-A industrial complex. The property is being built on spec, and was formally a parking lot. The developer plans to build a state-of-the-art property with four rear-loaded industrial buildings carefully configured to support the requirements of tech-centric industrial, light manufacturing, and R&D users within single or multi-tenant layouts. The cost of the development was not disclosed.
SALES
PASADENA—Greymark Capital has formed a joint venture with Blue Vista Capital Management to acquire a 164,101-square-foot creative office building in Pasadena for $16.3 million. The property serves as Leon Max Inc. headquarters. The investor plans to renovate the property and add outdoor amenities.
POWAY, CA—Harsch Investment Properties has acquired Scenic View Business Park, a 147,848-square-foot business center. The property is eight multi-tenant buildings and is 98% occupied.
DENVER—McLane Foodservice has acquired 28 acres in Denver for the construction of 250-acre Nexus at DIA business employment center. The property formally served as DIA Tech Center. McLane will use the facility as a foodservice distribution center.
DENVER– Inland Real Estate Acquisitions has acquired WestLink at Oak Station. The property is 244-units, and a mix of one-, two-, and three-bedroom apartments. The property is 97% leased. The sales price and name of the seller was not disclosed.
LEASES
HUNTINGTON BEACH—Nordson Corp. has signed a 21,000-square-foot industrial lease at Woodwind Commerce Park at 7612 Woodwind Drive in Huntington Beach. The lease has a 10-year term but the value of the transaction was not disclosed. Mike Bouma and Eric Smith in Voit Real Estate Services' Anaheim office represented the lessor and Louis Tomaselli with Jones Lang LaSalle represented lessee in the transaction.
FINANCING
LOS ANGELES—The owner of a DTLA parking structure has secured $13 million in bridge financing through Dekel Capital. The non-recourse loan has 24-month term and will be used to pay off existing debt as well as create the groundwork for renovation.
SAN DIEGO—The Grant Company has secured a $24.9 million to refinance the Pointe at Lantern Crest. The 10-year loan was secured through Freddie Mac. No other terms were disclosed. CBRE's Bill Chiles, Scott Peterson, and Brian Cruz secured the funding on behalf of the borrower.
EMPLOYMENT
ORANGE COUNTY, CA—KBS has promoted Mimi Nguyen to EVP of Underwriting and Robert Durand to the position of EVP of Financing. In this new role, Nguyen will be responsible for the underwriting, due diligence and closing of acquisitions across the country, while Durand is responsible for overseeing the KBS financing team, developing lending relationships, and structuring and negotiating the financing for KBS real estate assets.
ONTARIO, CA—Taylor Ing and Drew Sanden have joined the Ontario office of Newmark Grubb Knight Frank as senior managing director. The two will focus on landlord representation, tenant representation and investment sales within the office property sector. Both join the firm from Cushman & Wakefield, where Ing served as executive director and Sanden served as associate.
LOS ANGELES—Owen P. Gross has joined Sklar Kirsh as partner in the firm's L.A. office. He joins the firm from Cox, Castle & Nicholson, and will oversee all types of properties for lenders, borrowers, buyers, sellers, developer partners, equity partners, government agencies, tenants and landlords.
LOS ANGELES—Conor Commercial Real Estate has acquired 26 acres to build a 324,00-square-foot class-A industrial complex. The property is being built on spec, and was formally a parking lot. The developer plans to build a state-of-the-art property with four rear-loaded industrial buildings carefully configured to support the requirements of tech-centric industrial, light manufacturing, and R&D users within single or multi-tenant layouts. The cost of the development was not disclosed.
SALES
PASADENA—Greymark Capital has formed a joint venture with Blue Vista Capital Management to acquire a 164,101-square-foot creative office building in Pasadena for $16.3 million. The property serves as Leon Max Inc. headquarters. The investor plans to renovate the property and add outdoor amenities.
POWAY, CA—Harsch Investment Properties has acquired Scenic View Business Park, a 147,848-square-foot business center. The property is eight multi-tenant buildings and is 98% occupied.
DENVER—McLane Foodservice has acquired 28 acres in Denver for the construction of 250-acre Nexus at DIA business employment center. The property formally served as DIA Tech Center. McLane will use the facility as a foodservice distribution center.
DENVER– Inland Real Estate Acquisitions has acquired WestLink at Oak Station. The property is 244-units, and a mix of one-, two-, and three-bedroom apartments. The property is 97% leased. The sales price and name of the seller was not disclosed.
LEASES
HUNTINGTON BEACH—Nordson Corp. has signed a 21,000-square-foot industrial lease at Woodwind Commerce Park at 7612 Woodwind Drive in Huntington Beach. The lease has a 10-year term but the value of the transaction was not disclosed. Mike Bouma and
FINANCING
LOS ANGELES—The owner of a DTLA parking structure has secured $13 million in bridge financing through Dekel Capital. The non-recourse loan has 24-month term and will be used to pay off existing debt as well as create the groundwork for renovation.
SAN DIEGO—The Grant Company has secured a $24.9 million to refinance the Pointe at Lantern Crest. The 10-year loan was secured through
EMPLOYMENT
ORANGE COUNTY, CA—KBS has promoted Mimi Nguyen to EVP of Underwriting and Robert Durand to the position of EVP of Financing. In this new role, Nguyen will be responsible for the underwriting, due diligence and closing of acquisitions across the country, while Durand is responsible for overseeing the KBS financing team, developing lending relationships, and structuring and negotiating the financing for KBS real estate assets.
ONTARIO, CA—Taylor Ing and Drew Sanden have joined the Ontario office of Newmark Grubb Knight Frank as senior managing director. The two will focus on landlord representation, tenant representation and investment sales within the office property sector. Both join the firm from Cushman & Wakefield, where Ing served as executive director and Sanden served as associate.
LOS ANGELES—Owen P. Gross has joined Sklar Kirsh as partner in the firm's L.A. office. He joins the firm from
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