Construction has been completed of a new 84,000-square-foot outpatient clinic for the US Department of Veterans Affairs, located within Seagate Corporate Center at 1300 Rancho Del Oro in Oceanside, CA. Rockefeller Group Development Corp. is the developer of the build-to-suit project. Smith Consulting Architects, based in the Carmel Valley area of San Diego, provided full architectural design services. San Diego-based Raymond Fox & Assoc., the consulting medical architect, provided interior design services. Reno Contracting of San Diego was the general contractor. The two-story, tilt-up building contains a back-up generator for emergency power and two MRI pads that accommodate onsite mobile MRI units. The facility also houses an emergency water supply and a sewage holding tank in the event of an emergency that compromises basic services. Skylights that have openings in the second floor were installed in the main corridor to allow in natural daylight. The new medical clinic is strategically located in close proximity to the US Marine Corps’ Camp Pendleton, allowing easy access for veterans living in the North San Diego County and injured service personnel returning from tours of duty in Iraq and Afghanistan. Scott Cairns, LEED AP, served as the principal-in-charge for Smith Consulting Architects, with Gary Baker, LEED AP, serving as the design principal, and Jon Ohlson as project architect. John Buckel of Capital Partners Development Co. was the project development manager. Burkett & Wong provided structural design services. Tim Thiele and Dawn Wilson of RBF Consulting were the civil and traffic engineers. Ridge Landscape Architects was the landscape architect.

Los Angeles

Newport Beach-based Hager Pacific Properties and SoCal Industrial Partners LLC have leased a 5.5-acre site in Carson, CA to MV Transportation Inc. The 10-year lease is valued at approximately $5.5 million. MV Transportation will use the property, which includes a 22,000-square-foot maintenance and office building and a five-acre secured, lit and paved yard, to service the Los Angeles Metropolitan Transit Authority contract for the South Los Angeles region beginning on Oct. 31, 2010. “The South Bay submarket continues to be resilient in a challenging economic environment,” says Rob Neal, a managing partner with Hager Pacific Properties. “This property generated a significant amount of interest from users and tenants and we are excited to have landed MV Transportation as a long-term tenant.” Located at 21222 S. Wilmington Ave., the site’s configuration and prime strategic South Bay location near four major freeways make it an ideal bus terminal. Frank Hillebrand and John Lassiter of Lee and Assoc. represented Hager Pacific in the transaction. Jeff Smart, Kyle Degener and the Reitz-Biondi-Kim team with Grubb & Ellis Co. represented MV Transportation.

San Jose

Deliverex Acquisition Corp leased 141,079 square feet of office space at 361 Brokaw Rd. in San Jose, CA from AMB Property II. Jordan Buis, Warren Willey, Searcy Ferguson, and John Woolsey of CB Richard Ellis represented the tenant during the transaction.

RGN Midwest LLC leased 26,300 square feet of office space at 5201 Great America Pkwy. in Santa Clara, CA from PP Indianapolis IV Project Corp. Steve Rigby, Pete Danna, Baron Aldrine, Mike Kay and Mike Cleary of CB Richard Ellis represented the tenant during the transaction.

San Francisco

A Forest City Enterprises Inc. subsidiary has closed the sale of its 50% interest in Metreon, a 279,000-square-foot mixed-use project in downtown San Francisco, to a US unit of Westfield Group. The two companies have had equal interests in Metreon since acquiring it in 2006, and both continue to own their interests in the nearby Westfield San Francisco Centre/Emporium mixed-use property. The sale price was approximately $19 million, of which Forest City expects to receive net proceeds of approximately $18 million.

Dominion America Realty Advisors has closed the loan modification and restructuring on a major Northern California retail shopping mall. DARA’s vice president, Loren Thall, negotiated the extension, discount and loan modification of an expired CMBS loan on behalf of the borrower, an experienced retail shopping center owner who owns several commercial properties. The 410,000-square-foot retail shopping mall, constructed on approximately 30 acres of land in 1985 and 1986, had experienced a severe economic downturn due to the loss of two of its four anchor tenants. DARA, through its borrower advocacy program, was able to reach an amicable conclusion with the special servicer on behalf of the CMBS bond holders to discount, restructure, and extend the original $12-million loan. The new financing arranged by DARA provided the borrower with a 21% reduction of the original loan principal and extended the loan term by an additional year at the existing rate. The result was that the borrower was not forced to file bankruptcy, the most likely scenario prior to DARA's renegotiation efforts, thus keeping both his credit rating and his good name intact. “DARA was able to act efficiently on behalf of the borrower to establish a clear picture of the current situation, and was able to have the existing lender carry back the discounted loan,” says DARA’s Thall. “I believe this is the first time this has happened in the marketplace.”

Orange County

The Fazeli Family Trust purchased a 25,328-square-foot industrial/showroom building, located at 8645 Research Dr., Irvine, CA, from McMahon Limited Partnership for $4.5 million. Dave Kluver of Grubb & Ellis’ Newport Beach office represented the buyer in the transaction. Craig Fitterer of Lee & Associates represented the buyer.

Integrated Healthcare Solutions LLC leased 22,331 square feet of industrial space for 39 months at 1120 N. Tustin Ave., Anaheim, CA, from SG & H Partners LP. Greg Osborne and Brian Chastain of Grubb & Ellis’ Anaheim office represented the lessee in the transaction. The lessor represented itself.