San Diego

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The Saywitz Co. recently completed a three-year,107,006-square-foot lease (with an option to expand to five years)on behalf of Bikebandit.com—an online motorcycle partsstore. The lease is valued in excess of $3 million dollars andwas secured for the company’s corporate headquarters located at7625 Panasonic Way in the Otay Mesa submarket in San Diego. JeffSaywitz, senior vice president of the Saywitz Co., represented thetenant, Bikebandit.com and Mickey Morera of Cushman & WakefieldInc. represented the landlord, the Auerbach Family Trust. “The sizeof this deal makes it unique due to the fact that little realestate activity is currently taking place in the Otay Mesa,” saysSaywitz. “There are very few corporate headquarter leasesbeing secured in this submarket right now, and that coupled withthe high vacancy rate there, allowed BikeBandit to secure a veryfavorable deal that also positions the landlord nicely andguarantee’s them income for the coming years.”

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Cushman & Wakefield Inc. revealed the $19.8-million sale ofthe Shops at San Miguel Ranch, a 103,548-square-footgrocery-anchored shopping center located at 2310 – 2350 ProctorValley Rd., in Chula Vista, CA. The transaction represents one ofthe largest retail sales in San Diego in 2010, according to aprepared statement. Pete Bethea, Rob Ippolito, Jesse Lowe and DavidBradley of Cushman & Wakefield’s Retail Advisors negotiated thelender sale for Jefferson Pilot Investments Inc. The buyer, MGP IXREIT LLC, represented itself.

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CB Richard Ellis’ religious facilities practice group revealedthat Grace International Churches & Ministries Inc. purchasedthe 22,981-square-foot church facility at 1602 South El Camino Realin Oceanside, CA. The consideration is valued at $6.5 million. CBRErepresented both Grace International Churches &Ministries Inc. and the seller, Evangelical Christian CreditUnion.

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Stoneridge Capital Partners, a Newport Beach, CA-based realestate investment company, has acquired the 46,620-square-foot FourGovernor Park office property in San Diego. The all-cashacquisition marks Stoneridge’s entry into the San Diego market andcontinues the firm’s aggressive portfolio expansion strategyfocused on opportunistic investments. The multi-tenant officeproperty located at 5080 and 5090 Shoreham Place, is currently 90%leased to a diverse mix of tenants. Suites within Four GovernorPark range from approximately 700 square feet to 3,500 square feet.Brian Driscoll of Cassidy Turley/BRE Commercial represented theseller in the transaction.

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San Francisco

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Mashery Inc. leased 11,734 square feet of office space for fiveyears at 717 Market St., from CEP 717 Market Investors. JeffMoeller, Peter Conte and Kevin Christy of Grubb & Ellisrepresented the lessee in the transaction. Scott Harper andBrad Van Blois of Colliers International represented thelessor.

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XXI Forever, the newest concept store from retailer Forever 21,has leased the 53,442-square-foot retail space at 2 Stockton St. inUnion Square. The space, which was previously occupied by VirginRecords, represents one of the most iconic retail locations inDowntown San Francisco. The free standing building, which is ownedby Stockton Street Properties Inc., is located at the intersectionof Market and Stockton Streets, directly opposite the Apple Storeand Diesel, and close to A/X Armani Exchange and Ben Sherman. Thestore is adjacent to the Ferrari Store and Barneys New York. WithXXI Forever retail spaces expanding up to 120,000 square feet, theStockton Street location combined with the previously openedForever 21 store at the historical 1 Powell Street landmark space,can now house the full range of product lines the company has tooffer, according to a prepared statement. Cushman & Wakefieldrepresented the landlord in the transaction. XXI Forever wasrepresented by Michael Townsend of Townsend & Associates.

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Orange County

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DAUM Commercial Real Estate Services represented AJAN PropertiesLtd. Partnership in the purchase of a 41,655-square-foot industrialbuilding located in Costa Mesa, CA. The total consideration of thesale was $6.33 million or $152 per square foot.

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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.