(RealShare Orange County convenes at the Hyatt Regency, Irvine, August 16.)

(Save the date: RealShare Apartments comes to the Westin Bonaventure, Los Angeles, October 24.)

SANTA MONICA, CA-Demand Media, a leading content and social-media company, will relocate its headquarters to 1655 26^th St. here after signing a long-term lease for the entire 52,000-square-foot building in a transaction valued at approximately $23 million. Industry Partners’ Travis Landrum, Jim Jacobsen and Scott Rigsby represented the landlord, 1655 Property LLC, in the transaction. The move allows the tenant to consolidate its operations and its 300-plus employees, which were dispersed throughout several buildings downtown.

LAS VEGAS-NorthMarq Capital is relocating its Reno office to 3960 Howard Hughes Parkway, Suite 500 here. The office will continue to be managed by Thomas J. Powell. The Nevada office “enhances our strong presence in the Western US, and we are seeing significant activity in the Las Vegas area,” says Jeff Weidell, NorthMarq’s president.

RANCHO CUCAMONGA, CA-Voit Real Estate Services has directed a new 52-month, 100,000-square-foot industrial lease at 8950 Rochester Ave. for a total consideration of $1.6 million. Frank Geraci, Walt Chenoweth and Juan Gutierrez of Voit’s Inland Empire office represented the lessee, Reusable Container Corp., as well as the lessor, DCT Industrial Trust, in the transaction.

DEVELOPMENT

LOS ANGELES-Hilton Worldwide and Rim Hospitality are near completion of a multi-million-dollar renovation of DoubleTree by Hilton Los Angeles Downtown, the latest Los Angeles-area property in the Hilton Worldwide portfolio. With the majority of the renovation nearly complete, the former Kyoto Grand Hotel and Gardens debuts its refreshed Japanese-inspired rooftop garden, the hotel’s signature outdoor-event and meeting space. The renovation also includes significant design and service upgrades to the hotel’s 434 guestrooms and suites, public spaces and corridors, indoor and outdoor meeting and event spaces, business and fitness centers and its legendary half-acre rooftop Japanese-style gardens. GlobeSt.com was unable to determine the full renovation costs prior to deadline.

LOS ANGELES-Marcus & Millichap/Institutional Property Advisors has the exclusive listing for 2525 Wilshire, a 0.73-acre development site here. The property is available on an open-bid basis and is fully entitled for the development of 154 apartment units or 139 larger, luxury units with up to 7,600 square feet of retail space. The site is located 2 miles west of the Staples Center and L.A. Live, Los Angeles’ 5.6-million-square foot entertainment district.

SAN JOSE-Bixby Land Co. has delivered a newly renovated office campus here, its second major office renovation in Silicon Valley in the last 30 days. Located at 211, 251 and 281 River Oaks Dr., the 164,000-square-foot campus was completed in a tight submarket that is supply-constrained for large blocks of space. The $5-million renovation includes updates to all interior spaces and significant upgrades to building elevations. The project also features the signature Bixby Retreat, a 30,000-square-foot outdoor gathering area for tenants. Bixby also recently completed a 127,000-square-foot renovation in Santa Clara that it leased to Infoblox upon completion in June.

SALES

CALABASAS, CA-Channel West Group LLC, along with capital partner Arris Investments LLC, has acquired a 122-room hotel here. Currently branded a Country Inn & Suites by Carlson, the property is within walking distance from the Commons at Calabasas and multiple other dining and shopping options near Old Town Calabasas. The hotel will be managed by Evolution Hospitality, and financing was provided by LEI Senior Finance LLC, a fund managed by Lowe Enterprises Investors. The buyer is unable to disclose the sale price due to a confidentiality issue with the lender seller, David Parsky tells GlobeSt.com.

ROCKLIN, CA-Capital Valley Investments, a California-based real estate group, has sold Woodstream Townhomes here for $20.9 million to San Jose-based DiNapoli Capital Partners LLC. The 137-unit townhome community features all direct-access garages and is located in one of the Greater Sacramento area’s most desirable submarkets. Atlanta-headquartered ARA represented the seller.

SAN DIEGO-Affiliates of Greenlaw Partners and Walton Street Capital LLC have purchased the 198,000-square-foot, three-story South Bay Corporate Center office building, located at 401 Mile of Cars Way here. The parties were unable to disclose the sale price, but industry sources unrelated to the transaction reported the amount to be $16.6 million and the seller to be Textron Financial, the transaction resolving a troubled situation. Jones Lang LaSalle’s EVP Tony Russell and Phil Linton of Cassidy Turley represented both the buyer and the seller in this transaction.

BILLINGS, MT-D&S Depierro Trust has sold a two-tenant retail property here occupied by Men’s Wearhouse and Qdoba Mexican Grill Restaurant for $2.09-million to King Avenue Billings LLC. Built in 2010, the 7,000-square-foot property is situated on .77 acres and is located at 2350 King Avenue West. Jeff Conover, senior managing director of Faris Lee Investments, which represented the seller, says the sales price garnered the highest price per square foot ($299) for a multi-tenant retail property over the past two years. The buyer, who paid all cash, was represented by Ben Prather of Colliers International.

EXECUTIVE MOVES

LOS ANGELES-Brad Black has joined HFF as managing director in its local office. He will focus primarily on debt transactions in Southern California. Black has more than 20 years of financial experience in capital markets and the commercial real estate lending industry. Prior to joining HFF, he worked for Pacific Star Capital as a managing partner.

NEWPORT BEACH, CA-Bruce McDonald has been appointed managing director, US investments, for Dexus Property Group, the company’s top US post. He is responsible for overseeing all of Dexus’s US operations including development, asset-management and property-management activities strategically focused on West Coast markets including Los Angeles, the Inland Empire and Seattle/Tacoma. McDonald previously served as the firm’s managing director for asset management and development.

FINANCING

LOS ANGELES-George Smith Partners has closed five transactions on behalf of its clients, totaling more than $25 million. The transactions include $8 million in non-recourse, cash-out, CMBS financing for a 165,000-square-foot industrial property in Gardena, CA; $7.79 million for the acquisition and rehabilitation of a 30,276-square-foot creative office building space in Burbank, CA; $4.2 million in hypothecated debt financing for the acquisition of a distressed senior note for a 60-unit multifamily property; a $4-million refinance of a cold-storage industrial property in Salt Lake City; and a $1.55-million cash-out refinance of a special-purpose, single-tenant building in Southern California.

SACRAMENTO-Thorofare Capital Inc. has funded the acquisition of a $10.5-million non-performing senior mortgage secured by Big Lots-anchored, multitenant retail center. Thorofare provided 65% of the total acquisition cost including fees and closing costs. New York-based Mission Capital Advisors, in coordination with Rockwood Real Estate Advisors, facilitated the sale of the note through an online auction on behalf of one of the largest special services in the CMBS industry. The buyer is a privately held real estate investment and management company.