SALES

FONTANA, CA-TNP Strategic Retail Trust Inc. has sold the Weinerschnitzel parcel at Morningside Marketplace here, a neighborhood grocery-anchored shopping center built in 2001 and anchored by a Ralphs supermarket. This is the final parcel sale at the retail center, following Chase, Chevron and KFC. TNP did not respond before deadline to GlobeSt.com’s requests for information about the buyer, the purchase price or the size of the parcel, but industry sources say the center is 87,793 square feet and 93% occupied.

IRVINE, CA-HFF has completed the sale of a non-performing loan with an approximate $148 million unpaid principal balance on behalf of a special servicer. The loan is secured by eight office properties and 16 buildings totaling approximately 900,000 square feet in the Los Angeles and San Diego markets. The properties have an overall occupancy rate of greater than 60%. The HFF team was led by senior managing director Ryan Gallagher and managing director Mark Fallon. Senior managing directors Richard Plummer and Nick Psyllos, director Andrew Harper and associate director CJ Osbrink also assisted with the sale.

SAN DIMAS, CA-San Dimas Station, a 148,958-square-foot shopping center here, has been sold by a Northern California-based seller to a local private investor for $15,750,000, which equates to $106 per square foot. Alan Krueger, a SVP investments, and Richard Longobardo, an AVP investments, both in Marcus & Millichap’s Ontario, CA, office represented both the buyer and the seller in the transaction.

RANCHO CUCAMONGA, CA-CT Realty Investors, in a joint venture with Artemis Real Estate Partners, has acquired a 177,550-square-foot, fully leased industrial building at 10404 Sixth St. here. The property was acquired from Mobile Park Investments Inc. for $10.25 million. Senior debt was provided by JP Morgan Chase and arranged through the Irvine, CA, office of Holliday Fenoglio Fowler.

CARDIFF-BY-THE-SEA, CA-A 7,198-square-foot, mixed-use retail, office and residential building in at 111 Chesterfield Dr. here has been sold by Ford-DWO Cardiff LP, with Ford Mance Co. as general partner and Robert F. Mance as president, for $3 million as the “upleg” portion of a 1031 exchange begun in June. The property was purchased all cash by Marcopolous Venture Fund III LLC, and the managing member is Trilogy Investment Group LLC. Marks Management Trust, with Michael D. Marks as trustee, is sole member of Trilogy. The limited partner is DWO Enterprises, with Don W. Oliphant as president. Both the buyer and seller were represented by Mike Paeske and Rich Lee of CFI, which has been hired as property-management agent for the property.

LEASES

LA MIRADA, CA- Prologis has signed a lease with American Apparel Inc. for 220,000 square feet of warehouse and office space at in industrial property at 16400 Trojan Way here. The tenant will use the facility as its primary distribution hub, freeing up valuable space at its manufacturing facilities in Downtown Los Angeles. The 60-month lease is valued at nearly $6.3 million. Chris Sheehan and Adam Deierling of Colliers International represented the Prologis, while the tenant, an apparel distribution company, represented itself.

NATIONAL CITY, CA-ITT Educational Services has leased 45,000 square feet of space at South Bay Corporate Center at 401 Mile of Cars Way here, moving from its current location in Kearny Mesa where it occupies 52,000 square feet divided between two floors. Jones Lang LaSalle EVP Tony Russell negotiated the lease on behalf of Greenlaw Partners, which purchased the vacant 198,000-square foot building less than three months ago. The tenant was represented by Don Mitchell of Cresa Partners.

LA JOLLA, CA-Shire Regenerative Medicine Inc. has leased 35,958 square feet of office space for five years, three months at 10931 North Torrey Pines Rd., suites 101, 103, 105-108 and 600 here, from Alexandria Real Estate Equities for $4.6 million. Brian Starck, Jerry Keeney and Dave Odmark of Cassidy Turley San Diego represented the lessor in the transaction. Jeff Manley of Cresa Partners represented the lessee.

PLAYA VISTA, CA-The Lionstone Group has signed music-video website VEVO to a long-term, 12,000-square-foot office-space lease at the Annex, a 117,500-square-foot building located at 5340 Alla Rd. Jim Jacobsen of Industry Partners, along with Scott Rigsby, represented the landlord in the transaction.

ORANGE, CA-CNI College has renewed and expanded its lease for its campus location at 702 W. Town and Country Rd. here. CNI recently took an additional 9,000 square feet of space and now occupies 43,500 square feet. The DTZ team led by SVPs Drew Netherton and Justin Hodgdon in the company’s Orange County office represented CNI. The Colton Co. of Irvine, CA, represented itself in-house. Final terms of the agreement were not divulged.

FINANCING

IRVINE, CA-Cornerstone Core Properties REIT Inc. has funded an investment in a joint venture that acquired a 71-bed memory-care facility in Medford, OR, in an $8.5 million transaction and a 150-bed skilled nursing facility in Galveston County, TX, in a $15 million transaction. Both facilities were acquired through sale/leaseback transactions and are leased under ten-year triple-net leases.

AUBURN, WA-Premier Capital Associates LLC has arranged a permanent loan in the amount of $7 million for the 124-unit Best Western PLUS located at 401 8th Street SW here. The financing structure allowed the owners to take advantage of an opportunity to recapitalize the company and take advantage of historically low rates. Terms and pricing were not disclosed.

LAS VEGAS-MVP REIT, Inc.’s registration statement pertaining to an initial public offering of up to $500 million in common stock has been declared effective by the US Securities and Exchange Commission. The REIT intends to use the proceeds from the offering to invest in a diversified portfolio of income-producing commercial real estate properties and loans secured by commercial real estate, as well as to pay expenses and fees associated with the offering. MVP intends to acquire assets primarily located in the Western and Southwestern US.

EXECUTIVE MOVES

INLAND EMPIRE, CA-Transwestern has hired David Burback as EVP and managing director, responsible for the expansion and oversight of brokerage service lines in the Inland Empire. Burback will oversee the firm’s full-service real estate operations for the region, including leasing and investment-sales capabilities, construction and project management. Prior to joining Transwestern, Burback served as EVP and managing director for Newmark Grubb Knight Frank, where he oversaw the company’s Ontario and San Gabriel Valley offices.

LOS ANGELES-Passco Companies LLC has hired Darryll Goodman, a 25-year real estate industry veteran, as VP to oversee a portfolio of existing properties in addition to providing new resources for the firm’s growing investment, advisory and restructuring and recapitalization business. Most recently, Goodman was with Thompson National Properties handling $1.5 billion of commercial real estate transactions.

SAN DIEGO-Kristina Metzger has been appointed by CBRE San Diego as leader of the firm’s critical environment practice group for the Southern California region. Metzger specializes in advising clients in the evaluation, site selection and acquisition of data center real estate across North America. Metzger began her career in CBRE’s financial consulting group in Newport Beach, CA, where she provided state-of-the-art financial and analytical consulting to institutional, financial and corporate clients in excess of $10 billion in consideration.

LOS ANGELES-David A. Barksdale has returned to Ballard Spahr as a real estate partner in the firm's Los Angeles office. Barksdale focuses his practice on real estate finance, investment, and development, with an emphasis on loan originations, strategic investments, and distressed real estate transactions.

He was previously a partner in the firm’s Los Angeles and Las Vegas offices. Also returning are counsel Robert E. McPeak and associate Alex M. Grigorians, both members of the firm's real estate department.

NEW VENTURES

PORTLAND, OR-BOMA Oregon, the City of Portland, NEEA’s BetterBricks, the PDC and Energy Trust of Oregon have come together to form a unique public-private partnership, entitled the Building Performance Partnership, to benchmark energy efficiency among office buildings throughout the city of Portland. Now known as the 2012 Kilowatt Crackdown, the new partnership broadens the scope of the contest and it expects to double the participants to 150 office buildings. By working collaboratively to establish innovative green building practices, the City of Portland has agreed not to mandate ENERGY STAR