LOS ANGELES— Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

NEW & NOTABLE

IRVINE, CA—Ware Malcomb has completed a new innovative workplace for Experian DataLabs, located at 12680 High Bluff Drive in San Diego. Ware Malcomb's Irvine, Calif.-based team provided interior architecture and design services for the project. The 10,000-square foot office for Experian, a global information services group, was designed to integrate the company's corporate culture into the environment and create an innovative workplace to enhance both creative thought and detailed analytical work. Providing collaborative, social, and customer-facing interactive spaces were key in the design of the new office environment. DataLabs is a unique group within Experian, which helps businesses solve strategic marketing and risk-management problems through an advanced data analysis process, research and development.

LOS ANGELES—California Landmark Group and Cayton Capital have completed R3, a $30-million loft-style project with 67 coastal contemporary apartments and more than 5,000 square feet of creative office space, at 4091 Redwood Avenue in the Marina del Rey Arts District. Approximately 35% of the units were leased within 30 days of opening.  CLG expects the remaining units to be rented by early summer. R3 features a mix of one- and two-bedroom floor plans ranging in size from 685 square feet to 1,655 square feet.  Interiors feature high ceilings with exposed ductwork, plush designer carpeting, GE stainless appliances, kitchen islands, reclaimed wood accents, walk-in closets, deep soaking tubs, and more. Amenities include a rooftop pool and lounge, state-of-the-art fitness center, and a Zen yoga garden with complimentary Yoga Sessions by a Certified Instructor.

IRVINE, CA—Land Advisors Organization has appointed David Kidder as president of its California Division. In his role, Kidder will oversee all aspects of the business, including strategic leadership of the firm's operations and continued growth of its affiliated companies. Kidder currently serves as president of Landmark Capital, an LAO-CA affiliated company disciplined in finance and private equity for residential and commercial real estate projects. In his new position at LAO-CA, Kidder will retain his role as president of Landmark Capital to further integrate and grow the affiliated companies.

LOS ANGELES—Agora Realty and Management has expanded its focus on investment under the new leadership of Ryan Stempf, who will serve as VP. Stempf joins Agora from Dallas-based private equity firm Thackeray Partners where he most recently served as vice president focused on retail acquisitions across the nation. As VP with Agora, Stempf will develop new business in Texas, Arizona, Colorado and assist Agora in Hawaii, California and Nevada, where it currently owns assets. He will be focused on investment strategy, deal sourcing and underwriting for the firm.

LOS ANGELES—George Smith Partners has announced a new leadership structure, appointing two principals to co-managing directors to lead the firm's upcoming growth and expansion. Jonathan Lee and Shahin Yazdi will drive the company's platform forward alongside co-Principal Bryan Shaffer and Co-Founders Gary M. Tenzer, Steve Bram, and Gary Mozer. Lee explains that George Smith Partners' new leadership structure will position the firm for additional growth, while maintaining its culture of diligence, integrity, and commitment to client service.

LOS ANGELES—Jeremy Michaelson has joined iBorrow as VP of Originations. Michaelson has several years of experience in the real estate industry, from underwriting and closing multi-million-dollar transactions to project development and property management. In his new role, Michaelson will work with the firm's borrowers to develop and structure loans based on borrowers needs and objectives.

Prior to joining iBorrow, Michaelson served as the Director of Loan Origination at Post Investment Group | Park West Financial, where he originated, underwrote and closed more than $10M in residential bridge loans. He also previously worked at George Smith Partners as Assistant Vice President, where he closed more than $100M in real estate transactions. Michaelson is a graduate of Northeastern University, D'Amore-McKim School of Business.

DEALTRACKER

PHEONIX, AZ—Lincoln Property Company has purchased 2777 Camelback for $24.65 million, and will be an addition to the firm's class-A Phoenix office portfolio. The 104,618-square-foot building is located at 28th Street and Camelback Road, in a section of the Camelback Corridor undergoing a wave of new development. The acquisition brings LPC's metro Phoenix class-A office portfolio to more than 3.5 million square feet across 20 assets. This includes four buildings, Biltmore Commerce Center, 3131/3133 Camelback, and 2777 Camelback, totaling approximately 660,000 square feet along the prestigious Camelback Corridor.

SANTA ANA, CA—Red Mountain Group has acquired La Cienega Triangle, an 8.6-acre property located at the highly dense and urbanized, three-pronged intersection of La Cienega Blvd, Centinela Avenue, La Tierja Blvd in Los Angeles, California. This dynamic trade area is home to more than 826,000 residents in a five-mile radius, employs 321,000 jobs, and sees over 135,000 cars a day. La Cienega Triangle is a dense and rare in-fill core property giving Red Mountain the opportunity to improve, redevelop, operate, and own one of the largest available redevelopment sites in the greater Los Angeles area.

ANAHEIM, CA—American Technologies has acquired a 144,000 square-foot industrial building in Anaheim, California for $16.6 million. This is the largest industrial sale since 2015 in the City of Anaheim. CBRE's Carol Trapani, Ben Seybold and Sean Ward represented the seller, Doyle Properties, LLC, and CBRE's Brad Bierbaum represented the buyer, an owner/user, in this transaction. The property, located at 3360 East La Palma Avenue, contains approximately 85,000 square feet of warehouse space and 48,900 square feet of office space. American Technologies, Inc. plans to rehab the facility, last purchased 30 years ago. The building is located within Anaheim's Canyon Business Center, a prominent local business corridor. The building features major street frontage and is in proximity to the Metrolink train station.

PHEONIX, AZ—BKM Capital Partners has acquired Northwest Business Center, an 11-building  multi-tenant light industrial business park totaling 227,603 square feet in Phoenix, Arizona for $17.2 million. This is BKM's 12th acquisition in the Phoenix metro bringing its holdings to more than 2.1 million square feet in the area, according to Brian Malliet, CEO and Co-Founder of BKM Capital Partners. BKM plans to implement a $3.5 million capital improvement program to the property, according to Brett Turner, Director of Acquisitions at BKM Capital Partners.

CORONA DEL MAR, CA—A private investor has acquired a new single-tenant absolute net-lease Rite Aid property located at 28995 Newport Road in Menifee for $9 million, which represented a cap rate of 4.72%. Hanley Investment Group EVP Kevin Fryman represented the seller, Parkcrest Construction Inc. The buyer was represented by First Vice President Investments Ron Duong of Marcus & Millichap of Newport Beach, Calif. Completed in late 2016, the new 17,185-square-foot freestanding building with a drive-thru is situated on a 1.63-acre parcel of land at the southwest corner of Newport Road and Menifee Road in Menifee. Rite Aid has nearly 20 years remaining on the initial term with increases every 10 years.

LOS ANGELES—Boston Scientific Corp.'s Neuromodulation Group has signed a 342,000 square-foot lease extension at Southern California Innovation Park, formerly known as Mann Biomedical Park, after a multi-million-dollar renovation of the campus. The landlord, Valencia Biomedical Park LLC, a venture between funds managed by Oaktree Capital Management L.P. and Intertex Cos., is planning additional development to accommodate the rising demand from biomedical and technology companies. The owner started a multi-million-dollar renovation of the Park, including significant upgrades to several buildings and is now completing work on a new main entry and guardhouse at the campus. Formerly the Lockheed Martin Development and Test Center, today the project is a hotbed for biomedical, technology and entertainment companies such as Bioness, Quallion and the Alfred Mann Foundation. CBRE's Craig Peters and Doug Sonderegger represented the landlord in the new ten-year lease deal, while Boston Scientific was represented by Jack Burns and Allen Trowbridge of Cresa.

LOS ANGELES—DivcoWest purchased a 58,538-square-foot condominium interest in the Telephone Building, a premier six-story creative office building in Santa Monica, California, for $52.5 million. The remaining 33,254-square-foot condominium interest houses a telephone, switching hub owned by Frontier Communications, and was not included in the sale. HFF marketed the property on behalf of the seller, a joint venture between Alcion Ventures and Pacshore Partners. Located in the heart of Downtown Santa Monica, the 91,972-square-foot Telephone Building is an iconic 1930's-era, creative office building that is 86 percent leased to a strong line-up of quality tenants.  Ideally located in the heart of downtown Santa Monica, the historic Telephone Building boasts rooftop ocean views; spacious open floor plates; and award winning, ground floor dining amenities.

LOS ANGELES— Here's a look at the latest news, announcements and deals that you may have missed in Southern California, Nevada, Arizona and Utah.

NEW & NOTABLE

IRVINE, CA—Ware Malcomb has completed a new innovative workplace for Experian DataLabs, located at 12680 High Bluff Drive in San Diego. Ware Malcomb's Irvine, Calif.-based team provided interior architecture and design services for the project. The 10,000-square foot office for Experian, a global information services group, was designed to integrate the company's corporate culture into the environment and create an innovative workplace to enhance both creative thought and detailed analytical work. Providing collaborative, social, and customer-facing interactive spaces were key in the design of the new office environment. DataLabs is a unique group within Experian, which helps businesses solve strategic marketing and risk-management problems through an advanced data analysis process, research and development.

LOS ANGELES—California Landmark Group and Cayton Capital have completed R3, a $30-million loft-style project with 67 coastal contemporary apartments and more than 5,000 square feet of creative office space, at 4091 Redwood Avenue in the Marina del Rey Arts District. Approximately 35% of the units were leased within 30 days of opening.  CLG expects the remaining units to be rented by early summer. R3 features a mix of one- and two-bedroom floor plans ranging in size from 685 square feet to 1,655 square feet.  Interiors feature high ceilings with exposed ductwork, plush designer carpeting, GE stainless appliances, kitchen islands, reclaimed wood accents, walk-in closets, deep soaking tubs, and more. Amenities include a rooftop pool and lounge, state-of-the-art fitness center, and a Zen yoga garden with complimentary Yoga Sessions by a Certified Instructor.

IRVINE, CA—Land Advisors Organization has appointed David Kidder as president of its California Division. In his role, Kidder will oversee all aspects of the business, including strategic leadership of the firm's operations and continued growth of its affiliated companies. Kidder currently serves as president of Landmark Capital, an LAO-CA affiliated company disciplined in finance and private equity for residential and commercial real estate projects. In his new position at LAO-CA, Kidder will retain his role as president of Landmark Capital to further integrate and grow the affiliated companies.

LOS ANGELES—Agora Realty and Management has expanded its focus on investment under the new leadership of Ryan Stempf, who will serve as VP. Stempf joins Agora from Dallas-based private equity firm Thackeray Partners where he most recently served as vice president focused on retail acquisitions across the nation. As VP with Agora, Stempf will develop new business in Texas, Arizona, Colorado and assist Agora in Hawaii, California and Nevada, where it currently owns assets. He will be focused on investment strategy, deal sourcing and underwriting for the firm.

LOS ANGELES—George Smith Partners has announced a new leadership structure, appointing two principals to co-managing directors to lead the firm's upcoming growth and expansion. Jonathan Lee and Shahin Yazdi will drive the company's platform forward alongside co-Principal Bryan Shaffer and Co-Founders Gary M. Tenzer, Steve Bram, and Gary Mozer. Lee explains that George Smith Partners' new leadership structure will position the firm for additional growth, while maintaining its culture of diligence, integrity, and commitment to client service.

LOS ANGELES—Jeremy Michaelson has joined iBorrow as VP of Originations. Michaelson has several years of experience in the real estate industry, from underwriting and closing multi-million-dollar transactions to project development and property management. In his new role, Michaelson will work with the firm's borrowers to develop and structure loans based on borrowers needs and objectives.

Prior to joining iBorrow, Michaelson served as the Director of Loan Origination at Post Investment Group | Park West Financial, where he originated, underwrote and closed more than $10M in residential bridge loans. He also previously worked at George Smith Partners as Assistant Vice President, where he closed more than $100M in real estate transactions. Michaelson is a graduate of Northeastern University, D'Amore-McKim School of Business.

DEALTRACKER

PHEONIX, AZ—Lincoln Property Company has purchased 2777 Camelback for $24.65 million, and will be an addition to the firm's class-A Phoenix office portfolio. The 104,618-square-foot building is located at 28th Street and Camelback Road, in a section of the Camelback Corridor undergoing a wave of new development. The acquisition brings LPC's metro Phoenix class-A office portfolio to more than 3.5 million square feet across 20 assets. This includes four buildings, Biltmore Commerce Center, 3131/3133 Camelback, and 2777 Camelback, totaling approximately 660,000 square feet along the prestigious Camelback Corridor.

SANTA ANA, CA—Red Mountain Group has acquired La Cienega Triangle, an 8.6-acre property located at the highly dense and urbanized, three-pronged intersection of La Cienega Blvd, Centinela Avenue, La Tierja Blvd in Los Angeles, California. This dynamic trade area is home to more than 826,000 residents in a five-mile radius, employs 321,000 jobs, and sees over 135,000 cars a day. La Cienega Triangle is a dense and rare in-fill core property giving Red Mountain the opportunity to improve, redevelop, operate, and own one of the largest available redevelopment sites in the greater Los Angeles area.

ANAHEIM, CA—American Technologies has acquired a 144,000 square-foot industrial building in Anaheim, California for $16.6 million. This is the largest industrial sale since 2015 in the City of Anaheim. CBRE's Carol Trapani, Ben Seybold and Sean Ward represented the seller, Doyle Properties, LLC, and CBRE's Brad Bierbaum represented the buyer, an owner/user, in this transaction. The property, located at 3360 East La Palma Avenue, contains approximately 85,000 square feet of warehouse space and 48,900 square feet of office space. American Technologies, Inc. plans to rehab the facility, last purchased 30 years ago. The building is located within Anaheim's Canyon Business Center, a prominent local business corridor. The building features major street frontage and is in proximity to the Metrolink train station.

PHEONIX, AZ—BKM Capital Partners has acquired Northwest Business Center, an 11-building  multi-tenant light industrial business park totaling 227,603 square feet in Phoenix, Arizona for $17.2 million. This is BKM's 12th acquisition in the Phoenix metro bringing its holdings to more than 2.1 million square feet in the area, according to Brian Malliet, CEO and Co-Founder of BKM Capital Partners. BKM plans to implement a $3.5 million capital improvement program to the property, according to Brett Turner, Director of Acquisitions at BKM Capital Partners.

CORONA DEL MAR, CA—A private investor has acquired a new single-tenant absolute net-lease Rite Aid property located at 28995 Newport Road in Menifee for $9 million, which represented a cap rate of 4.72%. Hanley Investment Group EVP Kevin Fryman represented the seller, Parkcrest Construction Inc. The buyer was represented by First Vice President Investments Ron Duong of Marcus & Millichap of Newport Beach, Calif. Completed in late 2016, the new 17,185-square-foot freestanding building with a drive-thru is situated on a 1.63-acre parcel of land at the southwest corner of Newport Road and Menifee Road in Menifee. Rite Aid has nearly 20 years remaining on the initial term with increases every 10 years.

LOS ANGELES—Boston Scientific Corp.'s Neuromodulation Group has signed a 342,000 square-foot lease extension at Southern California Innovation Park, formerly known as Mann Biomedical Park, after a multi-million-dollar renovation of the campus. The landlord, Valencia Biomedical Park LLC, a venture between funds managed by Oaktree Capital Management L.P. and Intertex Cos., is planning additional development to accommodate the rising demand from biomedical and technology companies. The owner started a multi-million-dollar renovation of the Park, including significant upgrades to several buildings and is now completing work on a new main entry and guardhouse at the campus. Formerly the Lockheed Martin Development and Test Center, today the project is a hotbed for biomedical, technology and entertainment companies such as Bioness, Quallion and the Alfred Mann Foundation. CBRE's Craig Peters and Doug Sonderegger represented the landlord in the new ten-year lease deal, while Boston Scientific was represented by Jack Burns and Allen Trowbridge of Cresa.

LOS ANGELES—DivcoWest purchased a 58,538-square-foot condominium interest in the Telephone Building, a premier six-story creative office building in Santa Monica, California, for $52.5 million. The remaining 33,254-square-foot condominium interest houses a telephone, switching hub owned by Frontier Communications, and was not included in the sale. HFF marketed the property on behalf of the seller, a joint venture between Alcion Ventures and Pacshore Partners. Located in the heart of Downtown Santa Monica, the 91,972-square-foot Telephone Building is an iconic 1930's-era, creative office building that is 86 percent leased to a strong line-up of quality tenants.  Ideally located in the heart of downtown Santa Monica, the historic Telephone Building boasts rooftop ocean views; spacious open floor plates; and award winning, ground floor dining amenities.