IRVINE, CA-Locally based Opus Bank has formed a commercial real estate banking division, composed of its leading income property banking division and its recently formed structured-finance division. Dan Borland, who has served as president of IPB since Opus's inception, has been promoted to president of CREB and will also lead the structured-finance division. Ed Padilla, who has served as SVP, senior credit administrator of IPB since 2011, has been promoted to lead the bank's IPB division, reporting to Borland.

SALES

RANCHO SANTA FE, CA-Rancho Cielo Estates Ltd. has sold 29 estate lots in Montagna, a development located within the master planned, private, gated community of Cielo here, for $10.2 million to Taylor Morrison Homes of California LLC. The lots are situated on the ridgeline of Cielo and enjoy sweeping panoramic views. David Santistevan, Gunder Creager and Ciara Layne of Colliers International in San Diego represented both the seller and the buyer. The Cielo community is composed of 1,740 acres with 528 home sites and 60% open space.

SANTA MONICA, CA-Madison Partners has arranged the sale of 1448 Lincoln Blvd. here, an approximately 7,500-square-foot retail building on approximately 15,000 square feet of land. Mitch Stokes of Madison Partners represented an unnamed seller in the transaction. The buyer, Lincolnway Partners, paid $5,350,000 for the property, which represents a 3.9% cap rate. Currently occupied by Centinela Feed Pet Supplies, the property is leased for the next 9 years on a triple-net basis.

SAN FERNANDO, CA-Brett Warner, a principal of Lee & Associates-LA North/Ventura, has transacted the sale of a 41,365-square-foot industrial property here to a private investment group for $4.1 million in a sale-leaseback transaction. The seller, J&M Products, a supplier of quality line support clamps, brackets and electrical harness products for the trucking and other industries, will lease back the facility at 1647 Truman St., which it has occupied for about 15 years. The site includes an additional 30,000-square-foot, 80-stall parking lot across the street at 1661 San Fernando Rd.  The Truman site also includes 57 parking stalls.

LEASES

WENATCHEE, WA-Vintage Real Estate has signed a lease with Sportsman's Warehouse for a 49,000-square-foot store in the former Sears location at the Wenatchee Valley Mall here. Sears will open one of its new-format stores in the mall featuring its top brands including Craftsman and Kenmore and other home goods in 10,813 square feet near Sportsman's Warehouse. The store is expected to open in Spring 2014.

LOS ANGELES-Hudson Pacific Properties Inc. has signed a new lease at its 1455 Market St. property with Uber Technologies Inc., a provider of affordable luxury transportation through a technology-centered approach. The 10-year, 88,134-square-foot lease encompasses the entire fourth floor of the building and backfills space currently occupied by the property's largest tenant that was scheduled to expire in 2017. Commencement of the lease with Uber is scheduled for first quarter 2014.

SAN FRANCISCO-TMG Partners has signed a lease with Salumeria, a deli and larder from the Ne Timeas Restaurant Group, to the lobby space of the Hamm's Building at 1550 Bryant St. here. The building is currently undergoing extensive renovations to bring the former brewery back to its industrial roots. The exterior will feature a renovated brick façade, new steel windows and industrial-style entrance canopy. Inside will offer custom-designed steel light fixtures, polished concrete floors, mahogany wood paneling and a new penthouse and roof deck complete with fire pit and city views. Over the past year, more than 20 new leases have been signed at the building including Asana, founded by Facebook founder Dustin Moskovitz, and Rdio, backed by Skype founder Janus Friis.

COSTA MESA, CA-Argent Retail Advisors is offering for lease a drive-through restaurant pad building here. Located at the northwest corner of Bristol St. and Red Hill Ave., the building is in a high-profile specialty center containing several high-volume restaurants and specialty shops. It is easily accessible from the 55 and 73 freeways.

EXECUTIVE MOVES

DENVER and SEATTLE-Marcus & Millichap has made two new hires, one in Denver and the other in Seattle, and promoted another executive in Seattle. M&M Capital Corp. has hired Howard Stark as a director in its Denver office to arrange debt and equity financing for all types of commercial real estate assets, including multifamily, hospitality, retail, and office and industrial properties. Prior to joining MMCC, Stark was an AVP with US Bank in Denver. In addition, M&M Real Estate Investment Services has named Spencer Marona sales manager of its Seattle office. Prior to joining the firm, Marona was sales manager for a third-party seller services platform for Amazon.com Inc. The Seattle office has also named Glenn Gioseffi VP capital markets. Most recently, Gioseffi held the position of senior director in the firm's Seattle office.

ONTARIO, CA and SAN DIEGO-CBRE has appointed Alan Krueger as SVP in the local office. Kruger is a 29-year veteran of the industry in the Inland Empire market, representing private and institutional clients in the buying and selling of retail investment commercial real estate property types. He was previously with Marcus & Millichap as a senior director of the company's national retail group. In addition, CBRE San Diego has hired Greg Lewis as a VP for the North County office, where he will specialize in industrial and R&D leasing and sales. Prior to joining the firm, Lewis was an AVP with Colliers International, where he successfully negotiated over 1 million square feet in lease transactions, 100 acres of land sales and notable investment sales including the 266,000-square-foot Prescott Industrial Park in Oceanside.

FINANCING

AURORA, CO- John M. Stewart, VP, and Ilan Reissner, investment analyst from NorthMarq's Denver regional office have arranged a refinancing of $15 million for HighPoint Marketplace at 18648-18860 E. Hampden Ave. and 3594 S. Tower Rd. here on behalf of an undisclosed borrower. Constructed in 2001, the center totals 99,433 square feet and is anchored by a 55,580-square-foot Safeway, along with a strong line-up of national and regional tenants including Great Clips, Wendy's and H&R Block.

SAN BRUNO, CA-HFF has arranged $5 million in financing for San Bruno Office Park, a 54,945-square-foot office property here, on behalf of an entity controlled by ATC Partners LLC. The firm secured the seven-year, 3.93%, fixed-rate senior loan through Chase Commercial Term Lending. Proceeds were used to refinance existing debt on the property. The team representing the borrower was led by senior HFF managing director Paul Brindley and real estate analysts Jeff Sause and Benjamin Gallant.

NEVADA-A10 Capital has closed a $3-million bridge loan secured by an unstabilized class-B office complex in Nevada on behalf of a Canadian-owned private real estate investment firm specializing in the acquisition and management of multiple properties within the US. A10 Capital was able to work to structure a deal on a property with significant long-term vacancy issues.