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

PHOENIX—NAI Horizon has hired Jay Mininberg as an Associate. Mininberg will focus on office leasing. Before moving to the Southwest, Mininberg worked as a broker for a boutique commercial real estate firm in Potomac, Maryland. The firm offered services in commercial sales, leasing, raw land, development, and financing. Mininberg was a principal investor on numerous transactions.

IRVINE—Land Advisors Organization has hired Christopher Shiota as Vice President. Joining industry veterans, Terry Ruckle and Mackey O'Donnell on Land Advisors' Special Projects team, Shiota will be providing clients with transactional advisory services on residential master planned communities. Additionally, he will be providing underwriting expertise for Land Advisors' clients in the acquisition and disposition of residential land throughout California.

DEALTRACKER

LOS ANGELES—Churchill Apartments, a 16-unit multifamily property in Pasadena, has traded hands for $4.2 million between Miller Trust and a private investor. Charles Dunn senior managing director Chuck Dunn represented the seller and senior managing director Mike Vara represented the buyer. The property sold at a price per unit of $262,500 and a gross rent multiplier of 17.9. Built in 1965 and located at 450 South Los Robles Avenue, the property includes six two-bedroom units, six one-bedroom units and four studios. The units feature a patio or balcony, 16 tuck-under parking spaces with wall storage boxes and a laundry room.  The asset is located mid-block on Los Robles Avenue between Del Mar Avenue and California Boulevard.

TUCSON, AZ—Sunflower Apartments, a 144-unit apartment property located in Tucson, AZ, has traded hands for $6.7 million. Marcus & Millichap's Ryan Sarbinoff, regional manager, Hamid Panahi, Cliff David, Steve Gebing and James K. Crawley represented the seller in the deal. Lane Schwartz, an investment specialist in Marcus & Millichap's West Los Angeles office, represented the buyer.

LOS ANGELES—Northpointe, a five-story 280,173-square-foot Class A office building in San Bernardino, CA, has traded hands for $45 million between Founders Properties and the buyers TPG Capital and Gramercy Property Trust. NKF's Capital Markets President, West Coast Kevin Shannon, Executive Managing Director Ken White, Senior Managing Director Brunson Howard, Executive Director Taylor Ing and Director Drew Sanden represented the seller. NKF's Executive Managing Director David Milestone and Managing Director Brett Green arranged the financing on behalf of the buyer.

LOS ANGELES—Caine & Weiner Inc. has signed a 16,971-square-foot lease for a new headquarters in California's San Fernando Valley. CBRE's Andrew Ratner and Ron Wade represented the tenant, an accounts receivable management company, in this transaction. Located at 5805 Sepulveda Blvd, this building will serve as the new, national headquarters for Caine & Weiner. The tenant was looking to relocate from Woodland Hills to the San Fernando Valley. This Class A building offers modern, value-enhanced space as well as high visibility and signage along the 405 and 101 freeway interchange.

BEVERLY HILLS—AIPA Properties has secured a $165 million of non-recourse, first mortgage to refinance a 1.3 million-square-foot, mixed-used property located adjacent to Honolulu International Airport in Oahu, Hawaii. The 15-year, fixed-rate, interest only loan is secured by Airport Industrial Park, the largest office and warehouse complex in the state of Hawaii.  Constructed in phases beginning in 1989, the 12.5-acre property offers Class-A office space, telecom/data flex space and both light and high cube warehouse space with 38-foot clear heights. Airport Industrial Park is 99 percent leased to a diversified rent roll that includes Hawaiian Airlines, AT&T Corporation, Budget Rent-A-Car, City & County of Honolulu, the State of Hawaii and Lockheed Martin Corporation. The financing was provided by a domestic Life Insurance Company and sized to a 65% loan to value. Sonnenblick-Eichner Company secured the funding on behalf of the borrower.

SAN DIEGO—A 73,541-square foot industrial warehouse property located at 10895 Thornmint Road, San Diego, has traded hands for $14.6 million between Besalu Capital and Grifols Diagnostic Solutions. The property is located on a 4.84-acre parcel in 4S Business Park. David Harper of Colliers International San Diego Region represented the buyer.

PHOENIX—Covington Plaza, a Bashas' grocery-anchored shopping center located at the southeast corner of 7th Street and Union Hills Drive in Phoenix, has traded hands for $10.2 million between CW Capital and a private investor. Cushman & Wakefield Executive Managing Directors Michael Hackett and Ryan Schubert represented the seller, an entity formed by CW Capital. Developed in 1988, on approximately 9.33 acres, Covington Plaza encompasses 105,574 square feet of quality of retail space. Located just over a mile from the full-diamond interchange at the Loop 101 and 7th Street, the property is 87.4% occupied to a complimentary mix of tenants, including Domino's Pizza, State Farm Insurance, Firestone Auto and Dairy Queen.