SEATTLE—Vulcan Real Estate has sold Alcyone Apartments, an eight-story building featuring 161 apartment homes, to Chicago-based Equity Residential for what GlobeSt.com has learned is $61 million. Developed in 2004 in the South Lake Union submarket here, the property was the first LEED-certified, market-rate multifamily building in Washington State. CBRE led the transaction with a team that included Frank Bosl, Jon Hallgrimson and Eli Hanacek. Vulcan intends to invest the funds from the property sale toward its continued development efforts.

SPARKS, NV—Sierra Commerce Park, a 1.5-million-square-foot bulk industrial project located between E. Greg St., E. Glendale Ave. and Kleppe Ln. here, has been sold by an undisclosed seller to LBA Realty for $49 million. The NAI Alliance industrial properties group of Michael Nevis, Dave Simonsen, Michael Hoeck and Steve Kucera facilitated the sale. NAI Alliance will continue to act as leasing broker for the project on behalf of the new owner.

SAN DIEGO, CA—iboss, Inc. has purchased 4110 Campus Point, an approximately 43,000-square-foot office property in the UTC submarket here, from Newport Beach, CA-based MIG Real Estate for an undisclosed amount. MIG had purchased the property in 2011, added value to the property and completed the sale in advance of its expected five-year holding period. Chris Pascale and Mike Hoeck of CBRE's San Diego office represented MIG in the transaction. iboss, Inc. was represented by Marisa Salzman of Premier Residential and Commercial Corp.

SAN DIEGO—Following a renovation and lease-up, Douglas Wilson Cos. has sold its downtown San Diego headquarters building at 1620 Fifth Ave. to Bosa Development for $18.5 million. Thomas Olson and Alan Scott of Douglas Wilson and Doug Ceresia and Josh Buchholz of NAI San Diego represented the sellers, while Bosa represented itself in the transaction. Currently 95% occupied, the 80,651-square-foot, nine-story office building includes a six-level parking structure with 212 spaces. It was 35% leased when Douglas Wilson purchased it in 2010. DWC, which has signage on all four sides of the building, will retain its space there.

LEASES

ONTARIO, CA—DaVita Healthcare has signed a 10-year, 10,000-square-foot lease with Ontario Village Limited Partnership at Vineyard Village Shopping Center here. Argent Retail Advisors facilitated the lease deal.

SAN FRANCISCO—Contractor McCarthy Building Companies Inc. has relocated and expanded its Northern Pacific Division headquarters here to 1265 Battery St. McCarthy is occupying 17,770 square feet of reconstructed space—the entire third floor of the historic 1903 Italian Swiss Colony Building—created by interior design firm Studio O+A. The space includes an open configuration designed to maximize group interaction and collaboration within and across teams. Barry Bram of TRI Commercial represented McCarthy in the leasing transaction.

FINANCING

COLORADO SPRINGS, CO—Meridian Capital Group LLC has arranged a $15.5-million CMBS loan for the refinance of the Broadmoore Towne Center, a 143,700-square-foot shopping center at 1818-2014 Southgate Rd. here, on behalf of Noddle Cos. The seven-year loan, provided by a CMBS lender, features a competitive fixed-rate of 4.51% and a 198-month amortization schedule. This transaction was negotiated by Meridian associate Sean Silverbrook and managing director Brian Flax, who are both based in the company's New York City headquarters.

TACOMA, WA—Hunt Mortgage Group has provided a $14.3-million Freddie Mac first mortgage to refinance Metropolitan Apartments Phase I, an 88-unit, five-story apartment complex at 233 St. Helens Ave. here. The borrower is a Washington limited liability company backed by John Wise, key principal and owner of Metropolitan Apartments.  The loan term is five years, with principal amortizing over a 30-year schedule. Proceeds from the loan will be used to refinance existing debt.

EXECUTIVE APPOINTMENTS

PALO ALTO, CA—Marcus & Millichap has named Robert Johnston and Mitchell Zurich AVP investments. The two executives were previously senior associates of the firm. Johnston began his career as an associate with M&M in 2009, and was promoted to senior associate in August 2012. A multifamily investment specialist and a director of the firm's National Multi Housing Group, he arranges the acquisition and disposition of rental complexes in the South Bay and throughout the Bay Area. Zurich started as an associate with the firm in November 2009 and became a senior associate in December 2012. With a focus on multifamily properties, he arranges transactions in the South Bay and across the Bay Area.

SAN MATEO, CA—Sares Regis Group of Northern California has announced hired Matthew Chin as VP, acquisitions, and Andrew Turco as a development project manager. Chin and Turco will expand SRGNC's team to implement development of large-scale, urban-infill residential projects throughout the Bay Area's real estate market. Prior to joining the firm, Chin was an associate at Oaktree Capital Management, where he focused on opportunistic real estate investments across a variety of asset classes and product types. Chin will be working to identify land-acquisition opportunities for new for-sale and rental residential developments in the Bay Area. Turco was most recently a research assistant for MIT's Rebuild by Design team.