NEWPORT BEACH, CA—Frontier Real Estate Investments – a privately held commercial real estate investment firm known for its entrepreneurial and innovative approach to development – today announced that Hunter Lassos has joined the company as a Leasing Representative. Lassos will also work with the Frontier team to identify and secure new tenants for Frontier's portfolio of projects currently under development throughout California. Prior to joining the team at Frontier Real Estate Investments, Lassos held a variety of positions focusing on sales, community events and business relationship management. He holds a BA in Communication from California State University in Fresno.

TUSTIN, CA—Software company Common Areas has launched an affordable cloud-based software for businesses to organize, schedule and track maintenance and repair teams and tasks online. The company recently launched and continues to support a worldwide workforce with its new platform, which combines maintenance management and field service management software to create a faster, more affordable way to increase operational efficiency between managers of properties and facilities and the service businesses that repair and maintain them.

DEALTRACKER

IRVINE—Shopoff Realty Investments has sold 16.1 acres of land entitled for 124 two-story townhomes in the Northern San Diego County suburb of Vista, CA, to a residential developer. The land, known by local residents as Delpy's Corner, is currently vacant. Shopoff partnered closely with Vista city officials to create a zoning plan that would benefit area residents and help ease a lack of housing inventory in the local community. The company worked through the entitlement process, navigating the engineering hurdles of a hillside development, while also garnering community approval.

SOUTHERN CALIFORNIA— Walker & Dunlop announced that it recently closed a portfolio of four refinance loans on behalf of Douglas Emmett. Approximately 90% of the total loan amount, or close to half a billion dollars, qualified for Fannie Mae's Delegated Underwriting and Servicing Green Rewards program, making it the largest transaction to date closed using Fannie Mae's Green Rewards. Walker & Dunlop Managing Director, Allan Edelson, led the team that structured and closed the loans in the second quarter of 2017 with an all-in rate of under 3.2%. The interest-only loans are backed by four Class-A apartment properties located in Los Angeles and Santa Monica, California.

LOS ANGELES—Primary Color Systems has signed an 187,481 square-foot, 10-year industrial lease at a corporate headquarters facility in Cypress, Orange County. CBRE's Nick Spatafore represented the tenant, together with Wade Tift of Jones Lang LaSalle Inc. Rick Ellison of Cushman & Wakefield represented the landlord, Cypress Distribution Center, Inc. The property, located at 11130 Holder Street, is a high-image light-manufacturing building, formerly occupied by Van's, Inc. It's situated in one of the region's prime locations to efficiently service clients in both the Los Angeles and Orange County markets. This latest lease serves as an expansion and consolidation of existing facilities in the area. Primary Color Systems is consolidating its Orange County and South Bay operations into this state-of-the-art headquarters facility. The global visual solutions provider had occupied facilities in Costa Mesa, Irvine and El Segundo. The company has sales offices in San Francisco and Atlanta and operations in Hollywood and Shanghai.

INLAND EMPIRE—DAUM Commercial Real Estate Services has brokered two industrial acquisitions in the Inland Empire for a total consideration of over $13.1 million. Chris Migliori, Executive Vice President in DAUM Commercial's Newport Beach office, represented the buyers in both transactions. The two acquisitions include a 68,394 square-foot building in Corona, California, which traded hands between Newport Trading and Excel Business Park for $7.5 million; and a 44, 277 square foot Warehouse in Ontario, which a vitamin manufacturer purchased for $5.6 million.

LOS ANGELES—Holliday Fenoglio Fowler has closed the sale of and secured mezzanine financing for the DoubleTree by Hilton Hotel LAX – El Segundo, a 216-room, compact, full-service hotel proximate to Los Angeles International Airport (LAX) in the Los Angeles-area community of El Segundo, California. HFF marketed the property on behalf of the seller, a joint venture between Argosy Real Estate Partners and Evolution Hospitality. Umbrella Hotel Group purchased the hotel and was assisted in the sourcing, underwriting and loan assumption by Twenty Four Seven Hotels. Additionally, working on behalf of the new owner, HFF arranged a mezzanine loan with Washington Holdings for a term just under seven years to match the existing senior loan. HFF arranged the senior loan for the seller in a previous transaction. Managing directors Tony Malk and Scott Hall led the HFF investment sales team representing the seller.

PALM SPRINGS, CA—Freehold Communities has unveiled plans for Miralon, a 300-acre sustainably designed community argrihood in Palm Springs. The masterplanned community has 1,150 residences. The project's mix of for-sale, single-family and attached residences will feature open floorplans and expansive kitchens. Homes and amenities in the masterplanned community will break ground in Q4, 2017. Freehold Communities has hired Robert Hidey Architects to design the central clubhouse and write the design guidelines, C2 Collaborative Landscape Architecture to repurpose the golf course, and interior designer Moore Ruble Yudell Architects & Planners to design the amenity buildings.

Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

NEW & NOTABLE

PHOENIX—Commercial Properties has hired Louis Finocchiaro to the brokerage team. Lou will be operating out of the Tempe headquarters and focusing on industrial, land and office condo assets in the west valley. Lou is a focused professional with over 20 years of commercial real estate experience delivering results for clients. Specializing in sales and leasing for owners and users of real estate in the Phoenix marketplace, Lou has repeatedly proven to be a results driven professional. Through hard work and dedication, he has established trust as an advisor and maintains long lasting client relationships through each transaction. Having worked for both national and local clients alike, Lou specializes in helping owners and users achieve their business goals through the commercial real estate transaction process.

IRVINE, CA—Ware Malcomb has promoted Ted Heisler to Vice President of Interior Architecture and Design. In this role, Heisler maintains responsibility for the overall growth of Ware Malcomb's interior architecture and design practice across the firm's 22 offices. A member of Ware Malcomb's Executive Team, Heisler is responsible for national business development and leads the firm's corporate accounts program. He also oversees Ware Malcomb's national Interiors Advisory Group. Heisler joined Ware Malcomb in 1994, most recently serving as Principal, Interior Architecture and Design. In this company-wide role leading national business development for the firm's interiors practice, he has contributed to the significant growth and expansion of interiors services and has helped build the firm's reputation as an industry leader, evidenced by Ware Malcomb ranking #36 in Interior Design magazine's national Giants 2017 list. In addition, Heisler helps to lead and launch projects for the firm's national clients as well as assisting them with overall project strategy. With over 30 years of experience in all facets of interior architecture and design, Heisler has worked on a variety of corporate office, commercial, retail and industrial projects.

NEWPORT BEACH, CA—Frontier Real Estate Investments – a privately held commercial real estate investment firm known for its entrepreneurial and innovative approach to development – today announced that Hunter Lassos has joined the company as a Leasing Representative. Lassos will also work with the Frontier team to identify and secure new tenants for Frontier's portfolio of projects currently under development throughout California. Prior to joining the team at Frontier Real Estate Investments, Lassos held a variety of positions focusing on sales, community events and business relationship management. He holds a BA in Communication from California State University in Fresno.

TUSTIN, CA—Software company Common Areas has launched an affordable cloud-based software for businesses to organize, schedule and track maintenance and repair teams and tasks online. The company recently launched and continues to support a worldwide workforce with its new platform, which combines maintenance management and field service management software to create a faster, more affordable way to increase operational efficiency between managers of properties and facilities and the service businesses that repair and maintain them.

DEALTRACKER

IRVINE—Shopoff Realty Investments has sold 16.1 acres of land entitled for 124 two-story townhomes in the Northern San Diego County suburb of Vista, CA, to a residential developer. The land, known by local residents as Delpy's Corner, is currently vacant. Shopoff partnered closely with Vista city officials to create a zoning plan that would benefit area residents and help ease a lack of housing inventory in the local community. The company worked through the entitlement process, navigating the engineering hurdles of a hillside development, while also garnering community approval.

SOUTHERN CALIFORNIA— Walker & Dunlop announced that it recently closed a portfolio of four refinance loans on behalf of Douglas Emmett. Approximately 90% of the total loan amount, or close to half a billion dollars, qualified for Fannie Mae's Delegated Underwriting and Servicing Green Rewards program, making it the largest transaction to date closed using Fannie Mae's Green Rewards. Walker & Dunlop Managing Director, Allan Edelson, led the team that structured and closed the loans in the second quarter of 2017 with an all-in rate of under 3.2%. The interest-only loans are backed by four Class-A apartment properties located in Los Angeles and Santa Monica, California.

LOS ANGELES—Primary Color Systems has signed an 187,481 square-foot, 10-year industrial lease at a corporate headquarters facility in Cypress, Orange County. CBRE's Nick Spatafore represented the tenant, together with Wade Tift of Jones Lang LaSalle Inc. Rick Ellison of Cushman & Wakefield represented the landlord, Cypress Distribution Center, Inc. The property, located at 11130 Holder Street, is a high-image light-manufacturing building, formerly occupied by Van's, Inc. It's situated in one of the region's prime locations to efficiently service clients in both the Los Angeles and Orange County markets. This latest lease serves as an expansion and consolidation of existing facilities in the area. Primary Color Systems is consolidating its Orange County and South Bay operations into this state-of-the-art headquarters facility. The global visual solutions provider had occupied facilities in Costa Mesa, Irvine and El Segundo. The company has sales offices in San Francisco and Atlanta and operations in Hollywood and Shanghai.

INLAND EMPIRE—DAUM Commercial Real Estate Services has brokered two industrial acquisitions in the Inland Empire for a total consideration of over $13.1 million. Chris Migliori, Executive Vice President in DAUM Commercial's Newport Beach office, represented the buyers in both transactions. The two acquisitions include a 68,394 square-foot building in Corona, California, which traded hands between Newport Trading and Excel Business Park for $7.5 million; and a 44, 277 square foot Warehouse in Ontario, which a vitamin manufacturer purchased for $5.6 million.

LOS ANGELES—Holliday Fenoglio Fowler has closed the sale of and secured mezzanine financing for the DoubleTree by Hilton Hotel LAX – El Segundo, a 216-room, compact, full-service hotel proximate to Los Angeles International Airport (LAX) in the Los Angeles-area community of El Segundo, California. HFF marketed the property on behalf of the seller, a joint venture between Argosy Real Estate Partners and Evolution Hospitality. Umbrella Hotel Group purchased the hotel and was assisted in the sourcing, underwriting and loan assumption by Twenty Four Seven Hotels. Additionally, working on behalf of the new owner, HFF arranged a mezzanine loan with Washington Holdings for a term just under seven years to match the existing senior loan. HFF arranged the senior loan for the seller in a previous transaction. Managing directors Tony Malk and Scott Hall led the HFF investment sales team representing the seller.

PALM SPRINGS, CA—Freehold Communities has unveiled plans for Miralon, a 300-acre sustainably designed community argrihood in Palm Springs. The masterplanned community has 1,150 residences. The project's mix of for-sale, single-family and attached residences will feature open floorplans and expansive kitchens. Homes and amenities in the masterplanned community will break ground in Q4, 2017. Freehold Communities has hired Robert Hidey Architects to design the central clubhouse and write the design guidelines, C2 Collaborative Landscape Architecture to repurpose the golf course, and interior designer Moore Ruble Yudell Architects & Planners to design the amenity buildings.