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

WOODLAND HILLS, CA—NewMark Merrill Cos. has hired Quang Nguyen VP of Marketing & Technology. Quang will head the company marketing efforts and oversee marketing and technology strategy, plans and budgets for corporate and the portfolio. Quang brings 17 years of marketing experience serving most recently as Marketing Director for Westfield in Los Angeles, and has worked with brands such as Hilton Hotels Corporation, Western Union and Points International. Quang earned her B.A. with a double major in Psychology and Communications from the University of Denver.

LOS ANGELES—George Smith Partners has hired Allison Weiss as VP and director of Platform Development and Dana Light as the VP of Research and Marketing. Both Weiss and Light will work to increase the velocity of the firm's ongoing growth and expansion. Weiss will be responsible for recruitment and hiring on a national basis. She will also spearhead George Smith Partners' brand development and positive company culture to ensure strong employee retention, enabling the firm to maintain its competitive position in the current market. Light will focus on researching responsible lenders and lending programs for George Smith Partners. This work will support the firm in upholding its exemplary reputation, which was established by George Smith when he founded the company 25 years ago.

NEWPORT BEACH, CA—The Saywitz Company has recently rehired Aaron Roberts as manager of brokerage services. His responsibilities include overseeing the daily operations of the firm's brokerage and business development divisions. He will manage the individual brokers and the administrative staff on behalf of The Saywitz Company.

PHOENIX—John C. Smeck III has been named Senior Vice President of Mortgage Advisory at Colliers International in Greater Phoenix. In his new role, Smeck will initially create a fully integrated debt and equity platform for the Arizona operations. He then will assist in the company's national effort to roll out the program throughout the United States as leader in the West. Smeck brings 32 years of Arizona mortgage banking experience to Colliers International. His

career has involved commercial real estate investment analysis, debt and equity financial analysis, capital markets advisory services, client development, institutional investor relations, corporate leadership, management and strategic planning.

DEALTRACKER

LOS ANGELES—Burnish Creative, a full service production and post-production team located in the heart of Miracle Mile in Los Angeles, signed a new lease for 14,636 square feet of office space within 5670 Wilshire Boulevard, a 27 story, 445,004-square-foot high-rise building in Los Angeles. Burnish Creative will utilize the space for its corporate headquarters following a relocation from approximately 6,000 square feet of office space at 5757 Wilshire. JLL's Angela Sanders represented Burnish Creative in the lease. Pete Collins, Scott Menkus, and Michael Johnson Jr. of Cushman & Wakefield represented the landlord, Equity Office.

LOS ANGELES—Rich Investment Real Estate Partners has sold a 30-unit apartment complex at 153 San Vincente Blvd. in Santa Monica, CA for $23.8 million. Shiva Monify of SVN represented the buyer. The multifamily building sits on a half-acre lot and features 54 bedrooms and 62 bathrooms. 17 of the units were vacant at the time of the sale. Current tenants of the building will be relocated during the remodeling phase. The buyer plans to renovate the building and construct a brand new rooftop observation deck for breathtaking views of the city and ocean.

LOS ANGELES—Partners Capital has acquired a 92,000-square-foot industrial building in San Bernardino, CA from Savvy Intellect for $8.65 million. The building is located at 535 E. Tennis Court Lane with direct access to truck routes I -215, I-15 and I-10. The building is 100% leased to NY-based auto parts distributor Parts Authority as its West Coast distribution hub. Corporate neighbors includes Amazon, Kohl's, Pep Boys, Stater Brothers, Mattell, Pepsi Co., Pactiv, Kohler, and Burlington Coat Factory, which all operate warehouse and distribution centers. Partners Capital acquired the property as part of a 1031 Exchange transaction following the disposition of two brick-and-mortar retail assets in San Francisco and Las Vegas.

San Diego—A two-flex/office properties encompassing 140,470 square feet in the Kearny Mesa submarket of San Diego, California, have traded hands for $18.5 million. The sale totals two buildings on 7.61 acres: Aero Office Building, a 37,000 square-foot, three-story, multi-tenant office property, and the 103,470 square-foot AeroVault building. Brandon Keith, Randy LaChance and Jon Boland of Voit Real Estate Services' San Diego office represented the seller, 8825 & 8875 Aero Drive Holdings, LLC. Kipp Gstettenbauer and Ryan King of Voit's San Diego Exclusive Private Client Group represented the buyer, Protea Aero Drive.

PHOENIX—Planet Fitness has signed three new leases in the Phoenix area totaling

$8.749 million. NAI Retail Properties SVP Shelby Tworek, Chris Gerow and Gabe Ortega and associate Patrick Anthon represented the tenant, JEG-FIT, in the trio of transactions. The lease deals include: 22,888 square feet at Greenway Park Plaza, located at 3202 E. Greenway, Rd. in Phoenix, for $3.776 million; 22,664 square feet at Tempe Village Shopping Center, located at 1405 W. Southern Ave. in Tempe, for $2.941 million; and 22,899 square feet at Fletcher Heights Marketplace, located at 20713 N. 83rd Ave. in Peoria, for $2.031 million.

SAN BERNARDINO, CA—Westcore Properties has acquired a 366,700-square foot, recently constructed industrial building, located at 22705 Newhope St. in Moreno Valley, California, for $30.71 million. Westcore purchased the property from The J.W. Mitchell Co., based in Aliso Viejo, California, in an off-market transaction. Cosmetic improvements are scheduled to start immediately. Developed in 2015, the property is ideally suited for a single tenant but is easily divisible into two suites, ranging in size from approximately 140,000 to 200,000 square feet. The building features 32-foot minimum clear height, 48 dock-high doors, ESFR sprinklers, three percent vented skylights, 3,000 amps of available power and 2,000-square-feet of existing office. The all-concrete site includes 52 trailer parking spaces, a 180-foot secured truck court, perimeter fencing and a secure, gated entry.

SCOTTSDALE—1784 Capital Holdings has purchased 1.61 acres of land at 11061 N. Oracle Rd. in Oro Valley, Arizona. The company plans to build a $10 million, Class A self-storage facility to fulfill the growing demand for storage in the Tucson

suburb. 1784 Capital Holdings plans to build a 108,533-square- foot self-storage facility that will contain approximately 807 storage units. The property will be visible and easily accessible from Oracle Road. It will also feature state-of- the-art, 24/7 security.

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

DEALTRACKER

PHOENIX—Planet Fitness has signed three new leases in the Phoenix area totaling

Instant Insights /

Middle Market Digest: Southwest

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