NEWPORT BEACH, CA-The Newport Beach-based company is awarded the construction contract for a 240,000-sf expansion project at Providence Saint Joseph Medical Center in Burbank, CA. The addition will consist of a seven-story tower that will add 153 new beds to the hospital.
SAN BERNARDINO, CA-The 96-unit complex stands at 222 E. 17th St. in San Bernardino. It was 90% occupied at the time of sale, yet another sign that San Bernardino apartment product continues to attract a large pool of tenants.
MISSION VIEJO, CA-Olympic Gymnastics acquires a 12,512-sf facility is located in the Saddleback Technology Park., where it plans to open a new location.
CYPRESS, CA-The partnership purchases a 160-unit apartment complex in Cypress, marking the 14th such collaboration between the two companies. The property, which was constructed in 1969, was 97% occupied at the close of escrow.
LAGUNA WOODS, CA-The restaurant chain acquires a 1.13-acre parcel in Laguna Woods and plans to build a new eatery here. The sale is valued at nearly $1 million.
IRVINE, CA-After nearly two months of waiting for the closure of a $13.4-million loan from a Michigan-based private lender, MPTV has secured new construction financing from PacEquities.com.
IRVINE, CA-The buyer, Jose Gonzalez of Irvine, pays $1.3 million for the property. Located in Riverside, the apartment complex was 95% occupied at the time of sale.
BUENA PARK, CA-Outback Steakhouse and Burger King are long-term tenants at the facilities, which were completed in 2001. Encompassing a total of 9,550 sf, the buildings are located at the corner of El Capitan and Beach Blvd.
SANTA ANA, CA-Lomax and Associates LLC (dba Austin Hardwoods & Hardware) acquires the 43,484-sf building and is using the space to operate a lumber and hardware store.