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

LOS ANGELES—Healthcare real estate experts Angie Weber and Dana Nialis have joined the CBRE. The duo, which is coming over from Colliers International, will focus on healthcare services across the region. Weber will join as a first vice president and Nialis comes to CBRE as a senior associate. The team will be based at the firm's LA North headquarters in Glendale. Weber, who focuses on landlord and tenant representation, has had more than 30 years of experience in medical office leasing and market strategy and is a well-respected expert in the healthcare industry. She currently represents many of the industry's biggest players, including

REITs, large institutional owners and healthcare systems. Nialis is also focused on representing both tenants and landlords in the healthcare sector. She has represented and advised institutional and individual building owners, healthcare systems, REITs and physician groups.

DEALTRACKER
IRVINE, CA—A Raising Cane's property located at 23971 El Toro Road in Laguna Hills, CA, has traded hands for $5.48 million. According to Costar, the transaction is the first sale of a single-tenant Raising Cane's in California. Faris Lee Senior Managing Director Shaun Riley represented the buyer, a private investor from Redondo Beach, in the transaction. Adam Friedlander, Matthew Berres and Scott Bailey of JLL represented the seller, a private investor from Valencia, CA. The transaction closed at a cap rate of 4.20 percent. Situated directly off the 405 freeway, the rapidly growing quick-service restaurant is strategically positioned directly across El Toro Road from the heavily trafficked, 876,000-square-foot Laguna Hills Mall.

LOS ANGELES—Triangle Center retail property located in Culver City and Los Angeles has traded hands to foreign-based Bastion Development Corp. for $17.5 million. Alex Kozakov, Patrick Wade and Neal Golub of CBRE represented the seller, Triangle Center, LLC, a private investor, and Mary Cronin of Urban Real Estate represented the buyer. The 16,128 square-foot strip center, which cuts across the LA and Culver City boundaries, is located at 12717-12761 Washington Blvd. in Culver City and at 3984 & 3988 Meier Street in Los Angeles. It features four single-unit tenants and a freestanding 99 Cents Only store.

LOS ANGELES, CA—Pacshore Partners and Canyon Partners Real Estate LLC have acquired Harbor Corporate Park, a four-building, 150,189-square-foot office campus in the SOCO submarket of Santa Ana, CA. The acquisition was made through Pacshore's third fund within the programmatic joint venture with the Canyon Catalyst Fund, the CalPERS real estate emerging manager program managed by Canyon. The CCF Pacshore partnership targets office property acquisitions in Southern California. The four two-story buildings are set on 8.93 acres with 574 parking spaces. A capital improvement plan will include upgrades to enhance the aesthetic of the property, and a spec suite will be built to market to prospective tenants. The Property is situated on Harbor Boulevard, the main north/south artery of Costa Mesa and the central corridor of the SOCO office market. Harbor Corporate Park provides access to over 5.5 million square feet of retail and service amenities, including the SOCO Collective, an experiential retail center. Three of Southern California's major roadways, the I-405, SR-55, and I-5, are immediately accessible from Harbor Corporate Park. The SOCO submarket is experiencing an unprecedented amount of construction and development – presently over 2,000 residential units are under construction.

LOS ANGELES—Hudson Pacific Properties has signed a 10-year lease through December 2028 for 102,977 square feet of office space at 6922 Hollywood Boulevard in the heart of Hollywood. The lease was signed by the building's existing tenant, Trailer Park, a leading full-service agency specializing in content creation and entertainment marketing. Trailer Park has been a tenant of the building since 2001.

SAN DIEGO, CA—Pacific Gateway Towers, a 68,748-square-foot, two-building Class-A office and medical project in Oceanside, California has sold for $14.94 million. Private Investor Charlie Jadallah acquired the property from IPF Tri City, LLC.  The sale price produced a cap rate of 7.37%. Investment specialists Mark Avilla, Rick Reeder and Brad Tecca of Cushman & Wakefield's San Diego office represented the seller. The buyer was represented by Nick Totah of Marcus & Millichap. Matty Sundberg and Bob Cowan of Cushman & Wakefield also performed market advisory. Pacific Gateway Towers consists of two 4-story multi-tenant buildings on 5.16 acres and located at 3142 and 3156 Vista Way in San Diego's desirable North County. IPF Tri City, LLC had purchased the project in 2014 at approximately 57% leased as a value add opportunity.  The project underwent significant renovations in 2015/2016 to reposition and then was leased up to approximately 95.5% at the time of Jadallah's recent acquisition.  Avilla along with team members Sundberg and Cowan had also represented both Buyer and Seller in the 2014 transaction and the team also handled the successful lease up following the sale.

COVINA, CA—Hanley Investment Group Real Estate Advisors has completed the sale of two brand-new construction single-tenant corporate Starbucks in separate transactions in Southern California. In San Bernardino County in the city of Hesperia, Hanley Investment Group Executive Vice President Bill Asher and Associate Jeff Lefko represented the seller in the sale of a brand-new single-tenant Starbucks with a drive-thru for $3.2 million, representing a cap rate of 4.36% and $1,595 per square foot. The buyer was a private investor based in Manhattan Beach, California, and was represented by Don Kustudia of Commercial Property Investments in Manhattan Beach. The seller, which was represented by Asher and Lefko, was National Development, Inc. from Hermosa Beach, California. In Covina, located in Los Angeles County, Hanley Investment Group's Asher and Lefko arranged the sale of a brand-new single-tenant Starbucks with a drive-thru for $2,700,000, representing a cap rate of 3.67 percent and $1,479 per square foot. According to CoStar, this sale achieved one of the lowest cap rates ever for a Starbucks in Los Angeles County. The buyer, a private investor based in Glendale, California, was represented by Han Widjaja Chen at Growth Investment Group. Asher and Lefko represented the seller, Fountainhead Delta, LP of Newport Beach, California.