SAN DIEGO-Lincoln Property Co. has hired Brigham Black as SVP-Southern California. He will focus primarily on implementing the firm’s strategy to strengthen and expand its position in San Diego. In addition to his duties at Lincoln, Black will continue to serve as 2012 president of NAIOP San Diego, the commercial real estate development association. Black brings more than 18 years of commercial real estate experience to the company, including various roles over nearly 12 years with the Shidler Group and its affiliated companies.

PROPERTY MANAGEMENT

IRVINE, CA-AEW Capital Management, L.P. has selected RiverRock Real Estate Group to manage Alton Plaza, a 215,526-square-foot multi-tenant R&D park in Irvine Spectrum. With this assignment, RiverRock now oversees more than 2.1 million square feet of office and industrial space for the firm. In total, RiverRock’s property-management portfolio encompasses more than 20 million square feet of industrial, office and retail assets.

SAN JOSE, CA-Alliance Residential Co. has been named by Capri Capital Partners as property manager for the owner’s newly acquired landmark downtown high-rise 360 Residences. Completed in 2010 as a for-sale condominium project, the high-end multifamily property was converted to apartments in 2011. Alliance plans to market the property so that it clearly stands out as the top-performing community in the South Bay.

FINANCING

DENVER-American Real Estate Capital and Northmarq have closed a six-year, $45 million loan to finance the equity recapture of Elitch Gardens, a 62-acre combination theme and water park by CNL Lifestyle Properties Inc. The property is composed of 53 attractions and games, including five major rollercoasters, entertainment shows and children’s rides. It is the only major US theme park located downtown, and it is located a short walk from the Pepsi Center, Coors Field and INVESCO’s Mile High Stadium.

CHATSWORTH, CA-HFF has arranged a $17.4 million refinancing for Nantucket Creek, a 172-unit senior-housing community located at 9225 East Topanga Canyon Blvd. here, on behalf of Universe Holdings Development Co. The loan was a 10-year, 3.88% fixed-rate loan through Freddie Mac. The financing replaces the property’s senior note that was originated in 2004 when Universe acquired the property from the original developer. The loan will be securitized through its Freddie Mac’s CME Program, and HFF will service the loan through its Freddie Mac Program Plus Seller/Servicer program. The property is 98.5% leased and situated on 13.53 acres of land. In a separate transaction, existing mezzanine participating debt was paid off, and Universe now owns the property outright.

BEVERLY HILLS, CA- Quantum Capital Partners has secured a $4.1-million refinance loan for an unnamed full-service real estate services firm based in Los Angeles for an 18-unit, three-story apartment building located in West Hollywood, CA. Quantum has arranged a competitive, five-year, fixed-interest loan at sub-4%, notes managing director Jonathan Hakakha, who represented the borrower. Located at 931 North Alfred St., the complex is conveniently located one block from the intersection of Santa Monica and La Cienega blvds., close to many area restaurants, shops and hot spots. Quantum has arranged multiple financings for this client on this property.

LEASING

SANTA MONICA, CA-Interactive Data Corp. has renewed its 22,877-square-foot office lease at 2901 28^th St. here as a regional office for the company. JLL’s Craig Kish and Gil Ohls represented the tenant, while the landlord, Equity Office Properties, was represented in-house by Gail Goldstein and Deron White of CBRE.

SEATTLE-Aspira has successfully leased 100% of its retail and nearly all of its 325 apartment homes. The 37-story, vertical community in South Lake Union is one of the highest-valued class-A core assets in the downtown submarket. The property was developed by Keller CMS, O’Connor Capital Partners, Terry Avenue Partners LLC, Real Estate Capital Partners and Harbor Urban LLC.

RIVERSIDE, CA-Three new leases have been signed at Summit Business Center, a 138,000-square-foot business park located in the Hunter Park area here. Owner CIP Real Estate has signed 3,500 square feet of office space to the State of California, 7500 square feet of office space to Advanced Imaging Solutions and 2,500 square feet of space to Goodwill Industries. In addition, Crescent Healthcare has expanded its lease within the business center by 6,300 square feet, and the County of Riverside has extended its lease of 15,200 square feet. Also, CIP is planning $1.6 million in capital improvements and cosmetic upgrades plus an additional $2.2 million for interior tenant improvements to the property; renovations are expected to be completed in the second and third quarters of this year.

SALES

LOS ANGELES-Rockwood Real Estate Advisors has been retained on an exclusive basis to sell the Los Angeles Marriott-Burbank Airport and the Renaissance Denver Hotel. Located in Burbank, CA, the Marriott is a 488-key full-service hotel that underwent a $28.4 million renovation in 2007. Situated on 11.76 acres adjacent to the Bob Hope Airport, the hotel is one block from Yahoo! Inc., and near Warner Bros. Studios and Walt Disney Studios. The Renaissance Denver Hotel, located in Denver ten minutes from downtown and 20 minutes from Denver International Airport, is a 400-key full-service hotel that underwent a $19.1 million renovation in 2007. Andrew Kern and David Altobello, managing directors of Rockwood, are representing the seller.

MURRIETA, CA-Faris Lee Investments has completed the sales of three newly constructed, single-tenant triple-net leased properties within a neighborhood shopping center here, including Del Taco, Davita Dialysis and Mountain View Tire and Service/Goodyear. The sales are valued at a total of $8.4 million. Instead of being marketed as one investment opportunity, Faris Lee advised the seller on a break-up strategy, maximizing the properties’ value by selling them off individually to increase the buyer pool to include smaller investors. Also, Faris Lee began marketing the properties before they had completed construction as part of a pre-sale strategy. Del Taco and Goodyear signed absolute 20-year leases, while Davita signed a 15-year lease.

DEVELOPMENT

FULLERTON, CA–Morningside of Fullerton, a continuing-care retirement community here has completed a two-year, $750,000 renovation on its existing Canyonside and Mountainside residential buildings encompassing 177 apartment homes. Included in the renovations were new interiors for all the public areas in the buildings. Morningside completed a similar renovation on its Gardenside building with 91 apartment homes in 2011. In addition, Justin Wilson, EVP of CoreCare III and Morningside’s on-site partner, announced a start date for Morningside’s final phase of renovations. Expansion of the community’s popular Pacific Lounge and other improvements to Morningside’s dining room are expected to begin late this year or early 2013. The most recent residential building improvements follow a $2 million renovation and expansion program in 2010 of Lakeview Hall, the retirement community’s main entertainment center for theatrical productions, musical entertainment, dances and other events. The renovation doubled the hall’s original size of 4,500 to approximately 9,000 square feet. Morningside’s expansion program also included the addition of the Wellness Center featuring the Oasis Spa and Fitness Center with steam, relaxation/meditation and massage rooms as well as direct access to the outdoor swimming pool.