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San Francisco

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San Francisco

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Colliers International completed the largest industrial deal onthe Peninsula year-to-date for 2010. The transaction took place at245 S. Spruce Ave. in South San Francisco. The 90,000 square-footlease was signed by Freeman Decorating Services Inc., the leadingprovider of integrated services for face-to-face marketing andbrand building events, including expositions, conventions,corporate events, meetings and exhibit programs. Mike Cobb, seniorvice president with Colliers’ Redwood City office handled thelease. “We are starting to see some movement in the market,” saysCobb. “The location, terms of the lease and proximity to SanFrancisco made this deal especially appealing to Freeman. Thisplaces them in an excellent position to operate their businesslocally.”

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A bank-owned condominium, located within the luxuriousRitz-Carlton Residences on Market Street in the heart of downtownSan Francisco, will be sold during a live auction on December 10,Concierge Auctions has revealed. Originally listed for $1.27million, there is no minimum bid required to participate. The saleis being conducted in cooperation with listing broker JeffryPeargin of Pacific Union International, an affiliate of Christie’sGreat Estates. “I’m excited to be working alongside ConciergeAuctions,” states Peargin. “Given that this is a bank-ownedcondominium, the commitment to sell is evident. With thehighest-caliber amenities of the Ritz-Carlton and immediate accessto museums, upscale shopping, and gourmet restaurants, we’reconfident we will find the ideal owner for this gorgeousresidence.”

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Los Angeles

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Stevens Global Facility

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Stevens Global Logistics, a leading global freight forwarder inthe transportation industry, has renewed leases for two industrialbuildings with an aggregate 115,000 sq. ft. in Redondo Beach, CAand Carson, CA serving its headquarters and warehouse activities,respectively, announces The Klabin Company/CORFAC International.Harvey Beesen, a partner in Klabin/CORFAC’s Los Angeles office,reports that Stevens Global Logistics signed a long-term leaserenewal for a 48,000 sq. ft. facility at 3700 Redondo Beach Ave. inRedondo Beach which serves as its headquarters. Leaseconsideration was in excess of $3.5 million. Beesen and LukeStaubitz, SIOR, also in Klabin/CORFAC’s Los Angeles office,represented both Stevens Global and LBA Realty, the landlord.Concurrently, Stevens Global also renewed a lease for a 67,333 sq.ft. industrial facility at 2760 E. El Presidio St. in Carson thatserves as its area warehouse. Staubitz and Beesen againrepresented the tenant. Bret Quinlan in the Torrance officeof CB Richard Ellis represented the Hewson Co., the landlord. Lease consideration was $1.7 million. Founded in 1985 as StevensAir Transport, Stevens Global Logistics has built a team of 150people, with approximately 60 employed in Redondo Beach and another20 in Carson. The company has 16 offices throughout the USand another in Puerto Rico.

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Lee & Associates-LA North/Ventura Inc. has transacted thesale of a 21,676-square-foot office building to a prominent groupof Moorpark, CA physicians. The physician group will establish LosRobles Hospital Medical Plaza at Moorpark, a comprehensive familymedical care practice and urgent care facility, according to LeePresident Mike Tingus, who, with associate vice president CoryRichmond, Scott Linklater and Grant Fulkerson, represented the newownership group, MCMG LLC, and Patriot’s developer, M.W. Ossola& Associates Inc. In conjunction with the sale transaction, theLee brokers have negotiated a lease with Los Robles Hospital &Medical Center, which will utilize the space for its physicians anda state-of-the-art imaging facility. This business park wasconceived as a community hub for commercial and professionalservices, and the addition of this premier medical center affirmsthat goal,” says Tingus. “The campus setting, the surroundingcommunity demographics and the nearby amenities make PatriotCommerce Center a natural choice for doctors seeking a prestigeaddress and offices that can be built out to suit their needs.”

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As part of the ongoing transformation of Baldwin Hills CrenshawPlaza, mall owner Capri Urban Investors LLC has signed twoleases that will expand the dining options there. Restaurateur BradJohnson will open a Post and Beam location, and the firstBuffalo Wild Wings in Los Angeles will soon occupy the formerHollywood Video property. The Post andBeam is seeking a conditional use permit from the City ofLos Angeles, which it must secure before construction can begin.The Buffalo Wild Wings is expected to be open for business bythe end of the year. Johnson has opened several popularrestaurants in Los Angeles, including Roxbury, Georgia, the SunsetRoom and BLT Steak. Ken Lombard, president of Capri Urban Investorsand partner of Capri Capital Partners LLC, says that the newrestaurants are part of the ownership's focus on addingvalue to the center. The new leases and pending improvements willhelp bring the mall closer to achieving class-A status, he says.Beyond opening two new restaurants, plans for the mall’s continuedtransformation are under way, including a new interior design withan upgraded dining terrace and live entertainment performance area,new flooring, lighting and other amenities, as well as extensiveexterior building, site and landscape improvements throughout the43-acre property. The theaters at Baldwin Hills Crenshaw Plaza arealso undergoing a transformation into a modern multiplex featuringstadium seating, new amenities, digital technology, 3-D screens andnew d

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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.