San Diego

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Rady Children’s Hospital purchased a two-story,28,600-square-foot medical office building at Ocean TerraceProfessional Center at 3605 Vista Way, in Vista, CA. Theacquisition price was not disclosed. CB Richard Ellis Inc.represented the seller, McMahon Development Group. Steve Rosetta ofCushman & Wakefield Inc. represented the buyer. The newfacility will provide multiple levels of pediatric care. Locatedapproximately one mile west of Tri-City Hospital, Ocean TerraceProfessional Center is a 10-building medical office projecttotaling 101,000 square feet. The recent building purchase bringsthe for-sale medical office condominium project to 85% sold withonly 15,000 square feet available.

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Health Sciences High and Middle School has leased 31,301 squarefeet of office and classroom space at 3910 University Ave. in SanDiego from BR Workforce LLC. The property, leased for sixty monthsat $3.55 million, will be used for a charter school. The lessee wasrepresented by NAI San Diego. Colliers International representedthe lessor.

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Los Angeles

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Charles Dunn Co. negotiated the $1.6 million sale of an 11-unitmultifamily property located at 10940-10944 Moorpark St. Theproperty consists of two separate buildings on a double lot andprovides the buyer with future development potential. Home SearchRealty in Pasadena, CA, represented the private investors whobought the property.

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Lee & Associates-LA North/Ventura Inc., transacted the saleof a 1.24-acre land parcel with three office/industrial buildingstotaling approximately 22,000 square feet at 14649 Lanark St. inPanorama City, CA for $3.5 million. The parcel is one of fivecommercial parcels and nine private homes that the Los AngelesUnified School District is acquiring to build Valley RegionElementary School No. 13. The seller, Gary D. Solazzo, had housedhis business, Sola Security of Los Angeles Inc., in one of threebuildings on the site, an 11,822-square-foot office building. Twoadditional industrial buildings of 5,400 square feet and 4,252square feet had been leased to other tenants. As assembled, theproperty runs along Cedros Avenue, north to Titus Street and southto Lanark St.

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Meredith Corp. signed a six-year, 28,000-square-foot officelease at the Symantec Campus in Culver City. The multi-mediapublishing and broadcasting company will take occupancy at theproperty, located at 800 Corporate Pointe, on Aug. 1. The leasewill allow Meredith Corp., which is headquartered in Des Moines, toconsolidate three of its Los Angeles area offices into onelocation. Cushman & Wakefield Inc. represented the property’sowner, Spear Street Capital, in the transaction.

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Orange County

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Regency Centers has leased 20,144 square feet of retail space toGolfsmith at Brea Marketplace, 835 E. Birch St. in Brea, CA. TheBrea Marketplace store will feature merchandise including golf clubcomponents, a professional line of clubs, shoes, bags, balls,training aids, books, videos, apparel and accessories along withcustom-fit golf club technology, plus computerized swing analyzersand golf simulators. Golfsmith is slated to open for business insecond quarter 2010. Regency was represented by Studley Inc. andthe tenant by Springstead & Associates. Located next to theBrea Mall, Brea Marketplace is a 352,115-square-foot shoppingcenter with a new 158,648-square-foot podium-style Target and a24,930-square-foot Sprouts Market. Other national retailers include24 Hour Fitness, Beverages and More, Men’s Wearhouse and T.G.I.Friday’s.

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Russell Wudi Family Trust has sold a 28,603-square-footindustrial building for $2.43 million. DAUM Commercial Real EstateServices represented both the buyer, 2390 Railroad St. LLC, and theseller. The property is located at 2390 Railroad St. in Corona,CA.

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A 5,750-square-foot retail property located at 8450 Edinger Ave.in Huntington Beach, CA, shed for $1.53 million, representing a caprate of 6.3% and $266 per square foot. Marcus & Millichap RealEstate Investment Services represented the buyer, a local privateinvestor, and the seller, a private investor based out of NorthernCalifornia.

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Santa Barbara

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Paychex Inc., a payroll service company with over 100 locationsacross the US, has leased 2,618 square feet at 222 E. Carrillo St.in Santa Barbara, CA for its first Santa Barbara County location.Hayes Commercial Group represented Paychex, and represented thelessor, the Towbes Group.

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Davis, CA

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Forever 21 has signed 38,418 square feet at the CentroProperties Group’s University Mall, located northwest of Interstate80 and east of Route 113, on the northwest corner of RussellBoulevard and Anderson Road in Davis, CA. Centro Properties Groupwas represented by Jason Ball and Matthew Berger with CentroProperties Group.

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Seattle

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Arden Realty, GE Capital Real Estate’s property servicescompany, signed a new lease with long-term tenant Cingular Wirelessfor a 61,595-square-foot office space in the Seattle market. Theproperty is located at 2300 223rd St. SE in Bothell, WA. It isclass-A office space that was built in 1993. Cingular will use thespace for its regional back office. Cingular Wireless occupies155,000 square feet in Redmond, WA, at Willow Tech Center, anotherbuilding in GE Capital Real Estate’s Arden portfolio. It alsoleases 66,448 square feet at Canyon Park Commons IV an additionalArden building that is adjacent to the new Cingular space.

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Carolina Self Storage has sold a 29,200-square-foot self-storagefacility property located in Bellingham, WA for $2.2 million.Marcus & Millichap Real Estate Investment Services’ Seattleoffice had the exclusive listing to market the property on behalfof the seller, an undisclosed developer. Carolina Self Storage islocated at 1712 Carolina St. The property is a 425-unit, 29,200 netrentable square foot stabilized self storage facility built in2004. The property is situated on 2.33 acres and is comprised ofseven separate buildings. The facility is fully-fenced withelectronic gate access and is built with all-metal construction.Each unit is individually monitored and alarmed. Approximately 45%of the units are heated or have infrastructure in-place to beheated. The site is fully-paved. A full office and manager’sapartment is also onsite. The facility is open seven days per weekand is presently professionally managed.

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Las Vegas

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South Park Plaza, an 8,000-square-foot retail property at 5645South Eastern in Las Vegas has sold for $1.55 million on behalf ofa private investor. The buyer, a private investor, was undisclosed.The tenant mix, at the property, consists of several small ownersranging from a pizza shop, a nail salon, a title loan broker, akitchen installer, a scooter dealer, a tattoo shop, a franchisedtax preparation service and a wireless phone store.

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A Carlton retail strip center consisting of 18,518 square feet,located at the northeast corner of Warm Springs Road and Gilespie,adjacent to the McCarran Rental Car Facility, in Las Vegas is beingoffered on a competitive real time bid basis. The center includes agas station, convenience store and full service restaurant.Prospective bidders may bid on individual assets or bidder definedpools of Loan Assets (i.e. individual Loan Assets selected andaggregated by the Prospective Bidder). The prior listing price was$9.167 million.

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Updike Distribution Logistics LLC leased 46,970 square feet at3030 N. Lamb Blvd. #103 in Las Vegas for 12 months from NatomasCreek LLC. Prudential | IPG Commercial Real Estate represented thebuyer and seller.

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Denver

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Hendricks & Partners revealed the sale of the Esplanade,located at 900-910 Washington St. in Denver. The 26-unit apartmentcommunity was sold for $1.725 million. The seller was CorniceProperties LLP. The buyer was 900 & 910 Washington St. LLC.

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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.