LEASING

LOS ANGELES-Sport Chalet Inc. has signed a lease for anchor space at Brookfield Office Properties’ FIGat7th, the destination retail center at the intersection of Figueroa and 7th streets undergoing a $40 million redevelopment program slated for completion this fall. The retailer will occupy 26,800 square feet of space at the lower courtyard level, joining City Target as the first new anchors at FIGat7th, which will also feature a host of chef-driven, quick-service casual eateries for TASTE FIGat7th, a culinary collection offering a signature dining experience. In the transaction, Brookfield was represented by Charles Dunn’s senior managing directors, Kevin Dee and Ted Slaught, the exclusive leasing agents for FIGat7th.

SPOKANE, WA- PepsiCo has signed a long-term lease for 80,000 square feet for an inland northwest distribution center at Central Business Park, a 50-acre commercial and industrial campus in the Spokane Valley. The move will consolidate PepsiCo's existing Eastern Washington and Northern Idaho operations, providing the company with expanded warehouse space, administrative office space and an ideal hub for its distribution footprint. PepsiCo employs approximately 130 people in the region. The Central Business Park location will be one of four PepsiCo-owned distribution centers in the state of Washington. The other three are in Everett, Seattle, and Tacoma.

FULLERTON, CA- DSA State College Business Park, LLC has signed a five-year, 62,396-square-foot industrial/office lease with Progressive Marketing Products/Premier, a global leader in flat panel mounts, carts, stands and mounting accessories for the audio visual industry. The two-story, class-A facility is located at 1321 State College Blvd. here. Ian Britton and Clyde Stauff of Colliers International represented the tenant; Britton and John Long of Colliers represented the landlord. Progressive and its 50-plus employees will be relocating from its Anaheim, CA, headquarters to the new space in July. The property will be used as the company’s corporate headquarters as well as for manufacturing and distribution purposes. It was previously occupied by its original tenant since 2001, Southern California Edison, which relocated to Pomona, CA, at the end of 2011.

EXECUTIVE MOVES

LOS ANGELES-Jackie Yahsar has joined TRG as senior investment associate in the firm's commercial real estate brokerage division. Yahsar, with 11 years of commercial real estate experience, comes to TRG from KW Commercial in Brentwood, where he sold buildings in the REO market. Previously, he was SVP in the development division at locally based commercial real estate firm South Park Group, focusing on land acquisition for mixed-use projects and residential income properties. He also listed and sold income properties, including apartments, office, and retail in the greater Los Angeles area.

DENVER- SRS Real Estate Partners has promoted Tony Pierangeli to SVP and market leader in the local office. He will be leading a team of nine brokers who specialize in tenant representation, landlord representation and disposition in the Denver area. Pierangeli has been with SRS since 2008 and in the commercial real estate industry since 2000.

WOODLAND HILLS, CA- Charlie Cangelosi has joined Present Value Properties as VP to head up the firm’s new San Fernando Valley office. Cangelosi is a retail real estate veteran and a former partner at Retail Net Lease Properties Inc. for nearly seven years. He brings nearly 20 years of retail leasing and management experience to the firm and currently represents El Pollo Loco, TGI Fridays, Coffee Bean & Tea Leaf, Pizza Hut, and Freddy’s Frozen Custard & Steakburger.

DEVELOPMENT

LOS ANGELES-Artspace and The Actors Fund Housing Development Corp. have formed a partnership to create the Broadway Arts Center in downtown Los Angeles. The project will provide affordable housing for artists and signals a commitment on the part of these organizations to move ahead with development. Artspace and AFHDC have been working for the last year-and-a-half with the City of Los Angeles Department of Cultural Affairs, as well as the California Institute of the Arts and Bringing Back Broadway, on a feasibility scope of work that has included public input meetings, focus groups, comprehensive arts market surveys and an affordable housing/commercial market study. The next steps in the process of creating the Broadway Arts Center include site selection and evaluation. A timeline for completion of the project has not yet been finalized, but according to Artspace, which has developed 30 properties around the country, projects of this nature can take anywhere from three to six years.

NEW OFFICES

BOISE, ID-Cushman & Wakefield | Commerce Boise branch is officially open. The full-service office is the 10^th for the commercial real estate firm. LeAnn Hume serves as branch manager and Tim Reid as principal of the new office located at 398 South 9th Street, Suite 260. The office houses 23 professionals (15 agents, 4 staff, and 4 property managers). The new group will benefit from Commerce’s acclaimed, super-regional resources, including its geographic information systems and graphics divisions, as well as the valuation and international platform and consulting services of Cushman & Wakefield.