Orange County

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Colliers International has directed the sale of a50,625-square-foot industrial building at 7472 Chapman Ave. inGarden Grove to Aero Dynamic Machining Inc., a manufacturer ofaerospace parts. The transaction is valued at just north of $4million. Built in 1978, the single-story industrial building willbe used by Aero Dynamic for the machining of precision parts forthe aerospace industry. The company, which will continue to occupyits other facility of approximately 24,315 square feet in GardenGrove, is expanding its business. "The property features highvisibility on Western Avenue and Chapman Avenue in a prime locationwithin the Garden Grove Industrial Park, and is ideal for amanufacturing use," says Clyde Stauff, executive vice president inColliers International's Irvine office, who represented thesellers, private investors David and Faith Grant, in thetransaction. Union Pacific Realty represented the buyer in thetransaction.

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[IMGCAP(2)]San Diego

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Plaza Research Corp., a network of focus group facilities with13 offices nationwide, has signed a seven-year, $1.3-million leasefor 6,538 square feet of office space in Genesee Executive Plaza at9339 Genesee Ave., Suite 100, in San Diego. The lessee wasrepresented by Studley. The lessor, PCCP Janez Genesee LLC, wasrepresented by Cushman & Wakefield Inc. Genesee ExecutivePlaza, a 159,000-square-foot office project in the UTC area of SanDiego, was acquired by Janez Properties in 2008. The project isnearly 90% leased and includes additional tenant such as FedEx, IGOMedical Group and First Pacific Bank. Janez Properties has sincecompleted more than $1.2 million in property capital improvementsand upgraded the energy management systems.

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KMA Architecture & Engineering has started construction onthe P704V In-Service Engineering facility at China Lake Naval AirWeapons Station in Ridgecrest, CA. KMA was retained by BarnhartInc. in March of 2009 and construction is expected to be completeby spring 2010. The one-story, 20,000-square-foot in-serviceengineering facility was designed with sustainable featuresincluding efficient cooling equipment, storm water runoffmanagement and the installation of a cool roof in order to reducethe roof surface temperature up to 100 degrees.

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Los Angeles

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Andrew, Andrew Susan purchased a 15,552-square-foot industrialbuilding, located at 12747 Schabarum Ave., Irwindale, from SabaHolding Co. for $3.3 million. Grubb & Ellis Co.'s Los AngelesEast—San Gabriel office represented the seller in the transaction.Lee & Associates represented the buyer.

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[IMGCAP(3)]Hirsch Sherman and Jared Levine of KW Commercialrepresented the seller the close of 180 S. Sycamore Ave., a 15-unitSpanish trophy apartment building located in the submarket ofHancockPark in Los Angeles at a sale price of $3.4 million. Theapproximately 12,966-square-foot apartment building was built in1927 and features renovations such as exterior paint, newlandscaping, and other improvements. The unit mix consisted ofstudios, one- and two-bedroom apartments with street parking only.The KW Commercial brokers note that this was not a distressed sale,it was a conventional deal between two local privatemultifamilyinvestment operators. The financing was brokered byElliot Treitel of Meridian Capital Group with the nonrecourse, 75%LTV, 10-year debt coming from Sovereign Bank (Savings Bank).

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Voit Real Estate Services has directed the acquisition of a44,815-square-foot class A R&D Flex Tech building in SantaClara County. Peter Castleton of Voit Real Estate Services' AnaheimMetro office represented the buyer, AE Peterson Enterprises. Theproperty is located at 1561 Buckeye Dr., in Milpitas, CA. Theseller, South Bay Development Co., was represented by CPS. Terms ofthe deal were not disclosed. "This is a spectacular property,"Castleton says in a prepared statement. "A recent refurbishmentbrought in top of the line upgrades. We were able to close in twoand a half weeks and secure this class A, R&D flex space atroughly 50% of replacement cost." The property is one of fourbuildings that make up the 200,000-square-foot Oak Creek TechnologyCentre, located within the master-planned Oak Creek Business Parkthat was built in the early 1980s. The remaining three buildingswere retained by the seller, South Bay Development.

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Inland Empire

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Cassidy Turley BT Commercial's leased Investment Group based inthe firm's San Francisco office along with Jay Hagglund in thefirm's Oakland office represented the buyer,A private investoracquired a 3,000-square-foot retail building fully leased to Jackin the Box for nearly $2.18 million or $725 per square foot. Theproperty is located in the city of Perris, CA.

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San Francisco

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A 51,483-square-foot industrial property at 2311 Kruse Dr. inSan Jose, CA, has sold for an undisclosed price. Marcus &Millichap Real Estate Investment Services Inc.'s Oakland office hadthe exclusive listing to market the property on behalf of theseller. Located within the Golden Triangle of north San Jose, 2311Kruse Drive is a cold storage facility that includes 6,555 squarefeet of mezzanine office. The building underwent approximately $2.1million worth of renovations in 2007, including a new25,758-square-foot freezer and cooler unit with concrete floors.Neighboring tenants include ARCO, Kinder Morgan, Fed Ex, PG&Eand Cadence.

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Lowenberg Corp. leased out 19,800 square feet at 2705 Merced St.in San Leandro, CA to E-Poly Star Inc., which signed a short-termlease. The tenant was represented by Cassidy Turley BT Commercialof Oakland. There is currently still 57,200 square feet--divisibleto 14,300 square feet--still available at the business park.Colliers International, Oakland, represented the landlord.

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[IMGCAP(4)]Portland

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The MachineWorks Building has achieved the LEED Goldcertification from the USGBC and was awarded 37 out of a possible44 points. Located at 1414 NW Northrup St., MachineWorks is a209,000-square-foot mixed-use project, incorporating four levels ofclass A office space totaling 70,844 square feet, astate-of-the-art LA Fitness Facility and three levels of parking.The MachineWorks building is 90% leased. In February, the USGeneral Services Administration-Indian Health Services executed a15-year lease for 19,431 square feet, the entire 8th floor of thebuilding. In October 2009, McCormick & Schmick's SeafoodRestaurants leased the entire 7th floor totaling 19,250 square feetfor its new Portland headquarters and in December 2009, thePortland Dermatology Clinic signed a 10-year lease for the entire6th floor totaling 19,482 square feet. The building was designed byGroup Mackenzie and the contractor is Skanska USA. The brokers onthe project are Eric Haskins, Dave Squire and Brandon Frank fromGrubb & Ellis Co.

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[IMGCAP(5)]Denver

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Atlanta-headquartered Apartment Realty Advisors recentlybrokered the sale of a 78-unit, two property portfolio located at1377-1397 Laredo St. and 16415 E. 14th Pl. in Aurora, CO. JTAProperties, a private local buyer, purchased the property for aprice of nearly $2.13 million, representing a price per unit of$27,244 and a price per square foot of $52.15. Buckley Place andBuckley Park Apartments are located just east of the new $5billion, 578-acre Fitzsimons Redevelopment which, at build-out,will comprise 18 million square feet of office space that willhouse patient care, educational, bioscience research anddevelopment companies and will generate more than 45,000 jobs.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.