MISSION VIEJO, CA—Trabuco Hills Pads LLC, an affiliate of Webb Management & Investments LLC, has sold three outparcel retail pads totaling 24,250 square feet at Trabuco Hills Shopping Center, a 132,376-square-foot grocery-anchored retail center here, to C3 Properties LLC for $15.1 million. The pads are located at 27785, 27845 and 27865 Santa Margarita Pkwy. and were purchased free and clear of existing debt. HFF's investment-sales team led by CJ Osbrink and Nick Foster marketed the property on behalf of the seller, while Trevor Harris, Matt Crawford and Jim Wellbaum of Triwell Properties represented the buyer.

GREENWOOD VILLAGE, CO—KBS REIT II Inc. has sold Crescent VIII, a four-story office building containing 82,265 rentable square feet on approximately 4.2 acres of land here, to an unnamed buyer for $17.3 million. The price per square foot was approximately $199. In connection with the disposition, the REIT repaid $8.6 million of the outstanding principal balance due under a portfolio mortgage loan that was partially secured by Crescent VIII.

VISTA, CA—After purchasing and repositioning the property, SR Commercial has sold a 128,531-square-foot, class-A industrial asset at 2611 Business Park Drive here for $13.6 million sale to KI-Vista-LPSM LLC. SR Commercial acquired the property in February 2013 for $79 per square foot and sold it for $105.50 per-square-foot after implementing a strategic rehab and repositioning plan. Joe McDermott, Ron King and Bob Willingham of Cushman & Wakefield represented the seller. The buyer was represented by Colliers International. The buyer secured a lease during escrow with Escondido-based Stone Brewing Co. for its new national distribution center.

LAS VEGAS—Kite Realty Group Trust has acquired Rampart Commons, an 81,000-square-foot shopping center on the northwest corner of N. Rampart Blvd. and W. Charleston Blvd. in the Summerlin area here, for $32.3 million, including $12.3 million of assumed debt, from an undisclosed seller. The center is 100% leased and includes a tenant mix of Pottery Barn, Williams-Sonoma, Ann Taylor, Talbots, Chico's, PF Chang's, Whole Foods and Target.

LEASES

SAN DIEGO—Canyon Corporate Center, a three-building office park totaling 127,900 square feet at 3870, 3880 and 3890 Murphy Canyon Rd. in the Kearny Mesa submarket here, has attracted seven new undisclosed tenants. The property was recently acquired by San Diego-based Cypress Office Properties and Dallas-based TriGate Capital, who invested more than $2 million in renovations and upgrades to the property, including exterior paint; new landscape, outdoor furniture and planters; parking lot resurfacing; renovation of lobbies and common areas; expanded natural daylighting; and upgrades to the mechanical systems. JLL EVPs Richard Gonor, Tony Russell and Chad Urie represented Cypress and TriGate in all transactions. Total consideration value for all leases is approximately $8 million, representing 55,172 square feet of office space. Remaining spaces at the center range from 1,200 to 26,000 square feet.

RENO, NV—LITB Inc. has leased 26,000 square feet of distribution space in the Capital Commerce Center at 4970 Joule St. here. Light in the box is a global online retail company that delivers products directly to consumers around the world. Steve Kucera along with Michael Nevis, CCIM; J. Michael Hoeck; and Dave Simonsen, CCIM the NAI Alliance Industrial Properties Group represented the landlord in this transaction.

SERVICES

IRVINE, CA—Cox Communications has launched 1 gigabit speeds at the Irvine Co.'s Park Place Apartment Homes at Jamboree Rd. and Michelson Dr. here, making its residents the first in Southern California to have access to gigabit speeds for their residential Internet service. “As technology continues to advance and change how consumers use broadband, Cox will be well positioned to serve our customers in the future.”Gigabit speeds are 100 times faster than the average broadband and enable customers to run all of their devices at the same time; download an HD movie in less than 60 seconds; download 100 songs in three seconds; and upload about 1,000 photos in about a minute.

CARLSBAD, CA—Project Pie, the fast-growing franchise known for its “everyday artisan pizza custom built by you,” has begun a partnership with Newmark Grubb Knight Frank to offer Project Pie franchisees comprehensive support to successfully introduce the brand in new markets. The partnership aims to provide franchisees with valuable resources as they open Project Pie locations nationwide. Services include a single-source solution for every phase of occupying or owning a property: from strategic planning, site selection, design, construction and initial occupancy to ongoing cost-effective operations and dispositions.

EXECUTIVE APPOINTMENTS

SAN DIEGO—HFF has hired Evan Kovac as a managing director in its San Diego office. Kovac will be a member of HFF's national healthcare practice and will focus on medical-office building and healthcare capital markets and investment sale transactions throughout the US. He joins the firm from Newmark Grubb Knight Frank, where he was a managing director and member of NGKF's Capital Markets Medical Office Group since 2012.

SAN DIEGO—Phil L. Rush, a residential development and land investment expert with more than 30 years of experience, has joined San Diego-based Presidio Residential Capital as a senior executive. He will be involved in implementing a new land banking platform, asset management and project due diligence for the residential real estate investment firm. Rush has deep experience in investment management, project underwriting, due diligence, business plan execution, joint venture structuring and asset management systems. He most recently served as president and COO of Brehm Residential, a privately held homebuilder based in Carlsbad, CA.

SAN FRANCISCO—Colliers International has hired Bryan Webb in its Downtown San Francisco office as a member of the firm's investment services group. Webb specializes in the acquisition and disposition of office, industrial, and retail investment properties in the San Francisco East Bay.

SEATTLE—Alliance has appointed Jeremiah Jolicoeur as managing director for its Pacific Northwest region, responsible for the sourcing and development of all projects in Seattle and Portland. Jolicoeur will oversee market review, strategy evaluation, land opportunity negotiation, construction coordination, and leasing and asset disposition activity for each investment in the region. Jolicoeur has six years of tenure at Alliance and has worked directly with senior executives to finance and manage development projects and acquisitions throughout company's footprint.

CERTIFICATIONS

DENVER—The office tower at 1800 Larimer has achieved LEED-Triple-Platinum Certification. Out of more than 24,000 LEED-certified commercial projects, fewer than 10% have earned LEED-Platinum designation. Currently owned by Invesco Real Estate, the 22-story building was originally awarded LEED for Core & Shell Platinum certification in 2010. Building tenant Xcel Energy's office space received the LEED for Commercial Interiors Platinum certification in 2012, and tenant McGraw-Hill was certified LEED for Commercial Interiors Gold in September.

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.