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NEWPORT BEACH, CA-Mark Smith, who will split his time between the Insignia offices here and in downtown Los Angeles, joins the company as managing director for project management services in the Western Region.
WESTWOOD, CA-The office building on Santa Monica Boulevard is 32% vacant. The four-story, steel-frame structure was built in 1985. A remodel is planned.
PHOENIX-The movement has been ongoing in most metros for some time, but now Phoenix too is seeing tenants step up in class as building owners slash rates for prime space to fill the floors.
IRVINE, CA-Continuing a trend in office leasing, Home Loan Center Inc. more than doubles its space but is one of several mortgage companies that have expanded recently in Orange County.
CARLSBAD, CA-The company will take 6,386 sf at 2804 Roosevelt St. in Carlsbad. It plans to use the newly leased space as a medical clinic, which will serve as Quality Care's fourth location.
CONCORD, CA-City officials here have accepted an offer from developer Seecon Financial for a city-owned parcel in Concord. The 60,000-sf parcel was appraised at $750,000. The developer offered to pay $935,000.
BELLEVUE,WA-Faced with a foreclosure deadline today on properties along Northeast Eighth Street between 108th Avenue Northeast and 106th Avenue Northeast, Eugene Horbach sells his properties to a Utah company.
SACRAMENTO-A Seattle real estate company acquires the 200-unit Greenhaven Lake Apartment from a private investor. The complex, built in 1980, is located seven miles from Downtown Sacramento.
HUNTSVILLE, TX-Hall Financial Group leverages two loans with the 196-unit Woodcreek and 84-unit Cornerstone, both in Huntsville. The Malone Mortgage Co. HUD loans have LTVs of 80% and run for 33 years.
ATLANTA-After nearly a decade-long absence from this market, the Troy, MI-based company partners with Royalton Investments to buy the nine-story, 86%-leased, 125,603-sf building. Hayman may build condominiums on its rooftop parking deck.