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DIAMOND BAR, CA-The loan funds the purchase of the property, which is a two-story, 50,351-sf building at 1470 S. Valley Vista Drive. The office building was constructed in 1988 and is part of Gateway Corporate Center.
LANCASTER, CA- Owners of the Merrill Gardens at Lancaster Apartments, a 93-unit facility which offers both independent and assisted living for seniors, obtains the mortgage financing from the Fannie Mae Senior Housing program.
WHITTIER, CA-Hopkins Real Estate Group and Lennar Partners buy the 65-acre mall for $49 million and plan to partially deconstruct and transform it into an outdoor mixed-use development.
BREA, CA-The San Francisco-based REIT acquires the three-building, 431,311-sf industrial center from a Newport Beach entity that held it for 10 years. About 370,000 sf in the development is available.
REDLANDS, CA-American Realty Advisors, a Glendale, Calif.-based investment advisory firm, sells the 68-unit building after buying it out of foreclosure and renovating, rolling rents and retenanting the facility.
GLENDALE, CA-A local partnership pays $1.7 million for an 18,048-sf parcel located across the street from a large block of property the city acquired through condemnation.
ANAHEIM, CA-The investment brokerage builds an office here with the addition of a former Grubb & Ellis apartment specialist, while two former G&E brokers return to the fold from other firms.
PASADENA, CA-The Northwest Pasadena Development Corp. obtains the debt and equity financing from Related Capital and Charter Municipal Mortgage to rehab a 133-unit affordable housing complex in northwest part of the city.
SAN FERNANDO, CA-Developers Joel and Adam Saitman recycled the three-building complex totaling nearly 40,000 sf on 1.5 acres and quickly found buyers for two of the buildings and a tenant for the third.
LANCASTER, CA-Lexington Corporate Properties Trust completes a previously announced $15.1 million, 331,000-sf expansion of a heretofore 431,250-sf Lancaster distribution facility leased to retailer Michael's Stores. Michael's has leased the new space as well.