SAN RAFAEL, CA-The County of Marin has purchased a facility located at 1600 Los Gamos Dr. The 315,000-square-foot property, known as the Marin Commons Building, will house its mission critical Emergency Operations Center and Sheriff’s Department. Jones Lang LaSalle assisted the city in the $28.4-million purchase. The County of Marin had been wrestling for years to find a location for a new Emergency Operations Facility, to house the County’s disaster relief capabilities and Sheriff’s department, and had received strategic real estate and financial planning counsel from JLL. The county was on the verge of spending $102 million on an 85,000-square-foot, build-to-suit project at a cost of $833 per square foot. But with the crash of the real estate market, the County was approached about 1600 Los Gamos Dr., a largely empty, 315,000-square-foot office. The property was put on the market by a subsidiary of Cigna Corp., which had foreclosed on it in 2009. The total cost is $82 million, which includes $53 million to build it out, for about $260 per square foot--$20 million less than the county had originally planned to spend. Additionally, the project will be delivered at least twelve months earlier than the previously proposed build-to-suit project.

BRENTWOOD, CA-Marcus & Millichap Real Estate Investment Services has received the exclusive listing for Town Centre Commons, a 114,080-square-foot 137-unit multifamily property located in Brentwood, a city in the San Francisco Bay Area. The price is open bid, but Brandon Geraldo, an associate at Marcus & Millichap, who is representing the seller, tells GlobeSt.com that he expects the asset to fetch $20 million. “Strong apartment rent growth in San Francisco and parts of the South Bay continue to support renter migration to the East Bay,” says Geraldo. “Brentwood is a fast-growing community that is continuing its transformation from a primarily agricultural area into a well-balanced residential Contra Costa County suburb of the greater Bay Area.”

SALEM, OR-The 233,358-square-foot Capitol City Business Center has changed hands for $31 million. Jones Lang LaSalle’s capital markets experts arranged the sale on behalf of Angelo Gordon and Meriwether Partners. Capitol City Business Center, at 4600 25^th Ave. NE, is located in Oregon’s state capital, off Interstate 5.

HUNTINGTON PARK, CA-Investment Real Estate Associates as sold El Super Marketplace, an El Super Supermarket anchored shopping center for $11.8 million. The 59,681-square-foot center is located on approximately 3.5 acres on 7010 Alameda St. Yubin Tao, vice president at IREA represented the buyer and seller, both private party held entities.

FINANCING

BEVERLY HILLS, CA-Lucent Capital has arranged $20 million in permanent financing for the owners of a creative office building in Hollywood and an office and retail building in Beverly Hills’ Golden Triangle. Lucent Capital worked on behalf of the borrower, BCP-Wilcox LLC, to secure $10 million in permanent financing for the Citizen News Building, a 48,925-square-foot creative office building located at 1545 Wilcox in the heart of Hollywood. The loan proceeds are being used to retire existing debt on the property. Lucent Capital worked closely with the lender to secure the smallest mezzanine loan possible, $1.25 million, in order to keep the blended interest rate low. Citizen News Building, which was built in 1930 and renovated in 2006, is currently 90% occupied. The property caters to demand from tenants in the media and entertainment industries. The property was originally constructed to produce Hollywood's first newspaper the Citizen News. In a separate financing, Lucent arranged a $10.6-million bridge loan for a 22,000-square-foot office and retail property located within the prestigious Beverly Hills Golden Triangle. Located at 9629 Brighton Way at the corner of Brighton Way and Bedford Drive, the property consists of 13,000 square feet of retail and 8,000 square feet of office space. Lucent Capital worked exclusively on behalf of the borrower, Brighton Way Ltd., to secure the loan. Loan proceeds were used to retire existing debt on the property. Affiliates of the borrower are one of the most dominant owners of retail properties in Beverly Hills.

OXNARD, CA-George Smith Partners has arranged two loans, totaling $25 million in financing for Upside Investments LP, for its Carriage Square Shopping Center here. The two permanent loans replaced a construction loan which had allowed Upside Investments to complete a redevelopment of the 173,000 square-foot outdated shopping center. George Smith Partners had previously arranged the original construction financing for the center in November 2010. Upside Investments used the original construction loan to redevelop the functionally obsolete 1960’s retail center, including razing most of the structures, repositioning in-line retail space, constructing new space, and creating a 151,000-square-foot retail pad for new tenant Lowe’s. Lowe’s then constructed a brand-new 120,000-square-foot store and 31,000-square-foot garden center on the property. The permanent loans included a $21-million credit tenant lease financing and a $4-million life company forward commitment. The loans were provided by two different lenders and funded within seven days of each other.

LEASES

RANCHO CUCAMONGA, CA-Custom Goods LLC, a third party logistics provider based in Carson, CA, has leased a 240,049-square-foot industrial building here. The property is located at 12200 Arrow Route Rd. and offers prominent visibility from California Freeway’s Interstate 15. Custom Goods was represented by Newmark Knight Frank’s Matt Moore, Wes Hunnicutt, Brian Bennett (all based in the firm’s Orange County office) and Joe Fabian (who is based in the Hayward office of Cornish & Carey Commercial Newmark Knight Frank). “The lease gives Custom Goods an entry into the Inland Empire marketplace,” says Moore. “The location allows the company to enhance relationships with existing clients, as well as develop new accounts.” Ruben Goodsell, Michael McCrary and Peter McWilliams of Jones Lang LaSalle represented the landlord TIAA-CREF.

LOS ANGELES-The Ratkovich Co. welcomes Earthbound Media Group and Google-owned YouTube as the first tenants at the Hercules Campus at Playa Vista. Purchased by the Ratkovich Co./Penwood Real Estate Investment Management partnership in October 2010, the Hercules Campus is comprised of 11 existing buildings including the hangar where Howard Hughes’ Spruce Goose was built. All 11 buildings are considered historic landmarks. Earthbound Media Group will occupy all of building three, a former helicopter hangar and the site that housed the cockpit for the Spruce Goose totaling 15,000 square feet. The company is relocating its current Orange County headquarters, and consolidating a satellite office in Culver City, into its new West Coast home. Renovations to all the buildings on the campus are underway and Earthbound Media Group’s targeted move-in date is set for this summer.